- Toncoin blockchain has announced a strategic partnership with Animoca Brands to revolutionize decentralized identity
- This integration aims to include MOCA ID in Ton’s blockchain.
Ton blockchain has announced a strategic partnership with Animoca Brands, a leading player in the gaming and blockchain industry, to increase user action through a decentralized identity system (DID).
Two days ago we announced TON Foundation’s strategic partnership with @MOCAFoundation from @animocabrands!
But why is this a big problem? 👀
🧵⬇️ pic.twitter.com/2aE2b7X5Qi
— TON 💎 (@ton_blockchain) July 24, 2024
This calculated collaboration aims to leverage the combined efforts of Mocaverse, a consumer network backed by Animoca Brands (one of Ton’s top validators since last year), and Ton Blockchain to incorporate MOCA ID into the Ton Blockchain.
Steve Yun The TON Foundation Board Chairman emphasized the importance of this partnership as it will strengthen Ton’s position as a leader in the web 3 and gaming industry.
This partnership confirms that TON has become the platform of choice for games and social apps. The reputation system we create together will become a powerful opt-in platform that allows users to express their identity and values in the chain.
Ton Blockchain and Mocaverse Eye Up 500 Million Users in 2028
This collaboration between Ton Blockchain and Mocaverse provides a substantial 1.6 million users. This massive population consists of Telegram’s 900 million users and Mocaverse’s extensive network of more than 700 million users.
Yat Siu, executive chairman and co-founder of Animoca Brands, highlighted the two companies’ shared mission to advance the adoption of Web3 and digital property rights. “This unique partnership between Telegram and the TON Foundation and the collaboration unveiled today provide the opportunity to bring Moca ID and the Realm Network SDK to Telegram’s 900 million users, which we believe could exponentially increase all of our respective network impacts,” said Siu.
This partnership is a major step forward in the cryptocurrency space as both foundations, TON and MOCA, will use their go-to-market and token resources to promote cross-pollination and user engagement within their respective ecosystems.
This strategic partnership also plans to combine genetics in a way that will engage users in the networks. This mix will be successful through cultural verticals such as social casual gaming, sports and intellectual property experiences. Additionally, the two plan to launch co-branded hackathons to boost the program. As CNF previously reported, TON has been at the forefront of hosting hackathons, most recently leading NFT marketplace APENFT. These hackathons help accelerate the TON ecosystem while gaining more exposure.
Moreover, this initiative aims to leverage Mocaverse’s interoperable SDK product and Telegram’s recently launched mini-app platform, which has greatly increased TON’s customization. The above-mentioned products aim to achieve greater user engagement and adoption.
This important collaboration will be one of many steps and is part of a larger process to revolutionize the way digital identities are managed and used. Backed by the massive telegram that follows, this partnership aims to deliver a robust decentralized identity solution to 500 million users.
At the time of writing this, TON is in other hands $6.61 marking a 5.23% decrease in the last 24 hours.