Animoca Brands Doubles Down on TON Ecosystem, Opts to Acquire More WATCoins from the Open Market

WATCoin is the utility token for WatBird, which was developed by GAMEE, a subsidiary of Animoca Brands.

Hong Kong-listed Animoca Brands (ASX:AB1) has opted to acquire additional WATCoins from the open market, in a bid to bolster its integration of TON-based digital assets into the WatBird Telegram Mini App.

This move further cements Animoca Brands' commitment to the Telegram Open Network (TON) ecosystem.

WATCoin is the utility token for WatBird, which was developed by GAMEE, a subsidiary of Animoca Brands.

Boasting over 4 million players utilizing TON Wallets, WatBird is now aiming to expand its presence within the TON network, engaging additional gaming and Web3 communities.

In August, GAMEE announced an investment from TON Ventures, the venture fund of The Open Network.

This funding will aid GAMEE in introducing viral, community-centric features using TON-powered tokens and NFTs.

GAMEE aims to integrate these features into its WatBird Mini App and onboard new users from the TON ecosystem, including GameFi investors and Telegram users.

Bozena Rezab, co-founder of GAMEE, said: “Our partnership with Telegram on the WatBird Mini App aims to enhance the gaming experience on Telegram, particularly through community activities centered around the WatBird meme character.

“This collaboration will enable us to engage with the Telegram community and further our goal of making Web3 gaming accessible and enjoyable for everyone.”

Animoca Brands is a pioneer in the world of Web3 gaming and digital entertainment.

The company develops and publishes a broad portfolio of mobile games, including The Sandbox, Crazy Kings, and Tower Conquest III, as well as products such as REVV Racing, SAND, and GMT.

Animoca Brands also operates Limewire, a music NFT marketplace, and WePlay Collectibles, a digital collectibles platform.

Moreover, Animoca Brands is notably the creator of the Bored Ape Yacht Club NFT.

This article was originally published by Proactive Investors.