Mocaverse partners with TON Blockchain to integrate Moca ID and expand user engagement across ecosystems, focusing on social gaming, sports, and IP experiences.
Points
- Mocaverse partners with TON Blockchain to grow the interoperable consumer network.
- Collaboration focuses on social gaming, sports, and IP experiences.
- The partnership aims to enhance user onboarding and cross-pollination within their respective ecosystems.
- The huge addressable user base of 1.6 billion from Mocaverse and TON Blockchain.
- Formation of a steering group to coordinate partnership activities and manage resources.
Mocaverse has announced a strategic partnership with TON Blockchain to integrate Moca ID and expand user engagement across ecosystems. This collaboration is a significant step forward in the cryptocurrency field, as both foundations, TON and MOCA, will use their go-to-market and token resources to promote user cross-pollination and involvement within their respective ecosystems.
We are excited to announce our strategic partnership with @ton_blockchain to grow the interoperable consumer network. Together, we are driving true consumer crypto adoption!
900M + 700M = 1.6 Billion+ Addressable Users
https://twitter.com/Moca_Network/status/1815327592733643111
Yat Siu, executive chairman and co-founder of Animoca Brands, commented: “The collaboration between Mocaverse, TON Foundation, and MOCA Foundation is an exciting milestone on our shared mission of Web3 mass adoption and the advancement of digital property rights.” He added:
“The unique partnership between Telegram and the TON Foundation and the collaboration revealed today provide an opportunity to bring Moca ID and the Realm Network SDK to Telegram’s 900 million users, which we believe could exponentially magnify all our respective network effects.”
Integrating Moca ID to Enhance TON Blockchain Reputation System
The collaboration will concentrate on onboarding and cross-pollinating consumers in key cultural verticals such as social casual gaming, sports, and intellectual property experiences. Notably, GAMEE, a popular social gaming platform, will play an important part in this project. This approach accords with both foundations’ long-term strategic aims of creating a lively and interactive community.
Moca Network intends to be the “network of networks,” with TON as the anchor partner driving cross-ecosystem growth. This partnership is expected to pave the door for future partnerships with other apps in the TON ecosystem, resulting in a more integrated and resilient blockchain environment.
To ensure the partnership’s success, Mocaverse, MOCA Foundation, and TON Foundation will form a steering group. This committee will be in charge of coordinating partnership activities and managing the funds to support ecosystem growth. The committee will deploy resources from a USD $20 million token swap agreement to promote user growth via the PointFi system and integrate apps into the TON ecosystem.
The Realm Network SDK will also be used as a primary source of user reputation for ecosystem apps on the TON Blockchain, thanks to this partnership. This step is expected to improve the legitimacy and reliability of user interactions in the ecosystem.
At the time of writing, the native token of the TON Blockchain （TON） is trading around $7.03, down 1.55% over the last 24 hours. The token has been in a bearish trend for the past week and has been sideways for the
last month.
Conclusion
The strategic partnership between Mocaverse and TON Blockchain marks a significant milestone in the cryptocurrency industry. By integrating Moca ID and focusing on social gaming, sports, and IP experiences, the collaboration aims to enhance user engagement and cross-pollination within their respective ecosystems. With a combined addressable user base of 1.6 billion, this partnership is set to drive substantial growth and participation. The formation of a steering group and the deployment of resources from a $20 million token swap agreement further underscore the commitment to fostering a vibrant and interactive community. As Mocaverse and TON Blockchain continue to innovate and collaborate, the future looks promising for both ecosystems and their users.