Animoca Brands to Validate Telegram's TON Blockchain and Introduce Blockchain Games to Its Users
Summary:
Animoca Brands, a global Web3 investment firm, is set to become the largest validator of the Telegram's The Open Network (TON) blockchain. The company also plans to introduce blockchain-based games to Telegram's 800 million users. Plans include financial support and research, as well as the launch of an analytics platform for third-party TON ecosystem applications. In addition to its investment, Animoca will support TON Play, a gaming project built on the TON blockchain, and also port some of its existing gaming titles from its portfolio to Telegram.
The Open Network (TON) blockchain of Telegram will soon have its largest validation authority in Animoca Brands, a global investor in Web3. It will also introduce blockchain-structured games to Telegram's robust community of 800 million users. Collaborative undertakings will include extending financial assistance, performing research, and initiating an analytics platform for TON ecosystem apps developed by third parties. The investment amount by Animoca remains undisclosed, but a segment of it has been funneled directly into Toncoin, with stakes set as part of the validation accord.
A comprehensive market analysis by Animoca on TON's far-reaching ecosystem examines the platform's capacity to augment GameFi workings and cryptocurrency utilization. As part of its planned support, Animoca will back up TON Play, a gaming network constructed over TON's blockchain. TON Play sanctions the construction and launch of gaming apps on Telegram, modifies web-based games for the messaging platform, and provides access to 800 million spurred Telegram users via its web app and the PlayDeck bot.
The PlayDeck bot on Telegram is user-friendly, offering a variety of mobile games to explore. This very channel will be used by Animoca to introduce blockchain-based games.
Animoca plans to broaden its spectrum by investigating the feasibility of transferring a set of games and apps from its Web3 project-studded portfolio of 400+ entities to Telegram platform. In addition, a live dashboard established by Animoca Brands Research monitors essential networks of the TON ecosystem by proposing a plethora of metrics from various elements including TON Blockchain, TON DNS, TON Storage, and TON Sites.
The intricate research essay and analytical interface offered by Animoca will significantly facilitate the integration of Web3 characteristics into Telegram's user experience, according to TON Foundation's director of growth, Justin Hyun. Yat Siu, Animoca Brands' co-founder, emphasized that their TON investment aligns with their endeavours to propel Web2 to Web3 transition and drive adoption. He expressed their belief in the accomplishment of TON's envisioned aim of popularizing Web3.
Siu noted that Animoca sees substantial growth potential in the TON ecosystem's future gaming aspect and seeks to foster the progress of TON-driven games in the forthcoming years.
In other news, Animoca became a validator of the Chiliz Chain's proof-of-stake blockchain protocol – the firm's second such venture in November 2023. The protocol operates numerous fan tokens for the world's major football and sports squads. These notable football clubs and popular sports brands have counted on Web3 fan tokens and other blockchain-sourced services bolstered by Chiliz Chain.
Published At
11/28/2023 11:54:51 AM
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