Two subsidiaries of Animoca Brands, Mocaverse and MOCA Foundation, have partnered with the TON Foundation to integrate identity and reputation networks. This collaboration aims to enhance user activity and align digital property rights with blockchain technology.
Points
- Animoca Brands subsidiaries Mocaverse and MOCA Foundation partner with TON Foundation.
- The partnership involves integrating identity and reputation networks.
- A token-swap agreement between MOCA and TON aims to boost user activity.
- The collaboration aligns with Animoca Brands’ focus on digital property rights.
Partnership Details
Two subsidiaries of Animoca Brands, Mocaverse and MOCA Foundation, have entered a strategic partnership with the TON Foundation. Mocaverse, a blockchain-based identity project, and MOCA Foundation, overseeing the MOCA Coin cryptocurrency, will integrate their identity and reputation networks into the TON blockchain ecosystem. This partnership aims to enhance user activity across both ecosystems.
Token-Swap Agreement
A significant component of this partnership is a token-swap agreement between MOCA and TON. This agreement is designed to encourage increased user activity by allowing users to engage with both ecosystems seamlessly. The TON Foundation’s vision of freedom of interaction strategically aligns with Animoca Brands’ emphasis on digital property rights.
Strategic Alignment
Steve Yun, TON Foundation Council President, stated, “TON’s vision of freedom of interaction aligns strategically with Animoca Brands’ focus on digital property rights. This partnership validates that TON has become the platform of choice for games and social apps.” The integrated reputation system will provide a powerful platform for users to express their identity and values on-chain.
Impact on TON and MOCA Ecosystems
The Open Network （TON） is a blockchain network primarily used within the messaging platform Telegram. The explosive growth of Telegram web3 games has propelled Toncoin to a market capitalization of $18 billion. This partnership with Animoca Brands is expected to further enhance TON’s ecosystem, attracting more users and developers.
Conclusion
The partnership between Animoca Brands’ subsidiaries and the TON Foundation marks a significant step towards integrating digital property rights with blockchain technology. By enhancing user activity and aligning strategic visions, this collaboration is set to boost the TON and MOCA ecosystems.