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Cryptocurrency News Articles
Mocaverse, the Metaverse of Animoca Brands, Joins Forces with TON
Jul 22, 2024 at 07:03 pm
The alliance between the parties is driven by the goal of creating new connections and facilitating the adoption and growth of their respective cryptographic ecosystems.
Mocaverse, the metaverse of Animoca Brands, joins forces with TON
Among the main crypto news of today we find the metaverse Mocaverse, MOCA Foundation and TON Foundation which have forged a strategic partnership to enhance their ecosystems, combining their resources and committing themselves to mutual expansion.
Specifically, Mocaverse, an on-chain consumer network supported by the Animoca Brands group, will provide support for the development of a network based on decentralized identity.
In doing so, Ton Foundation and Moca Foundation will leverage the Mocaverse identifier (DID) Moca ID to foster a cohesive network centered on on-chain reputation.
At the heart of this collaboration, the TON Society ID resource will also be pivotal, enhancing interoperability between the parties and driving a “cross-pollination” of users.
Moca ID and TON Society ID thus aim to provide users with a means to express their identity and values on-chain within their respective ecosystems.
Furthermore, as part of the partnership, the metaverse Mocaberse and the two foundations TON and MOCA pledge to integrate their technological infrastructures.
Indeed, the flagship interoperable product SDK of Mocaverse Real Network, and the Telegram Mini App Platform are becoming accessible products for all 3 communities.
In line with the long-term strategic goals of the respective foundations, the agreement provides for the integration of social gaming products and IP experiences.
To facilitate the onboarding of new users, the projects also plan to launch a co-branded hackathon and a community accelerator for talented developers.
The three parties agree to use their reasonable efforts to introduce new decentralized innovations to investors within their respective networks for investments.
Token exchange and growth opportunity for all 3 communities
The collaboration between the metaverse Mocaverse, MOCA Foundation, and TON Foundation also includes a strategic exchange of tokens.
According to the agreement, MOCA and TON cryptocurrencies worth $20 million are being made available by the respective ecosystems.
In this way, cross-pollination of users is encouraged, including joint airdrop through The Open League of TON and the PointFi platform of Moca Network.
Thanks in particular to this type of economic incentives, the platforms manage to secure a customer base and can aim to expand their stages.
Crypto developers will also have a special opportunity for cohesion, where they can brainstorm ideas and collaborate on new common projects.
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 🤳🏻With Moca Network’s 700m+ addressable users, this… pic.twitter.com/gIGugmlxwF
The partnership sees Mocaverse play a central role, as the executive arm to meet the strategic objectives of the MOCA and TON foundations.
More closely we can state how the metaverse portfolio of Animoca Brands, which consists of over 450 companies, will be integrated with the TON blockchain.
Thus, this broad ecosystem will provide the consumer level of content focused on culture and entertainment to the TON ecosystem.
On the other hand, the latter guarantees a base of over 900 million active users through the official Web3 infrastructure of Telegram Messenger.
To address the various challenges and common objectives of Mocaverse, MOCA Foundation and TON Foundation will establish a steering committee. The task will be to guide partnership initiatives and develop further areas of collaboration for combined growth.
The comments of the Mocaverse, MOCA, and TON representatives
There is certainly no shortage of comments from members of the MOCA, TON groups, as well as those from the president of Animoca Brands who supports the Mocaberse metaverse.
Starting from the latter, we report the words of the visionary Yat Siu, who has been managing the gaming software company and the affiliated venture company since 2014.
“The collaboration between Mocaverse, TON Foundation, and MOCA Foundation is an exciting milestone in our shared mission of mass adoption of Web3 and the advancement of digital property rights. The unique partnership between Telegram and TON Foundation and the collaboration unveiled today offer an opportunity to bring Moca ID and Realm Network SDK to Telegram’s 900 million users, which we believe could exponentially amplify all our respective network effects”.
At home, TON instead took the floor Steve Yun, president of the board of the Toncoin Foundation, who commented as follows:
“The vision of freedom of interaction of TON strategically aligns 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 reputation system we co-create will become a powerful opt-in platform through which users can express their identity and values on-chain. We are excited to take a bull leap with Animoca Brands towards the widespread adoption of
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