- Toncoin blockchain has recently announced a strategic partnership with Animoca Brands to revolutionize decentralized identity.
- The collaboration aims to integrate MOCA ID into Ton’s blockchain.
Ton blockchain has forged a strategic partnership with Animoca Brands, a prominent player in the gaming and blockchain sectors, to enhance user interactions through a decentralized identity (DID) system.
Two days ago, TON Foundation revealed its strategic alliance with Animoca Brands’ MOCA Foundation!
Why is this significant? 👀
🧵⬇️ pic.twitter.com/2aE2b7X5Qi
— TON 💎 (@ton_blockchain) July 24, 2024
This strategic partnership aims to leverage the synergies of Mocaverse, a user network supported by Animoca Brands (a top validator for Ton since last year), and Ton Blockchain to incorporate MOCA ID into the Ton Blockchain.
Steve Yun, President of the TON Foundation council, emphasized the importance of this collaboration in solidifying Ton’s position as a leader in the web 3 and gaming industries.
This partnership validates TON as the preferred platform for games and social apps. The reputation system we are developing will serve as a powerful opt-in platform for users to express their identity and values on-chain.
Ton Blockchain and Mocaverse Aim for 500M Users by 2028
The collaboration between Ton Blockchain and Mocaverse has set a target of 500 million users by 2028. This vast user base includes Telegram’s 900 million users and Mocaverse’s extensive network of over 700 million users.
Yat Siu, Executive Chairman and Co-Founder of Animoca Brands, highlighted the shared mission of both companies in promoting Web3 adoption and digital property rights. Siu stated, “This unique partnership between Telegram, the TON Foundation, and the collaboration unveiled today presents an opportunity to introduce Moca ID and the Realm Network SDK to Telegram’s 900 million users, which we believe could significantly amplify our network effects.”
This collaboration represents a significant advancement in the cryptocurrency space, as TON and MOCA will leverage their resources to promote user engagement and participation in their ecosystems.
The strategic partnership also aims to blend genetics to onboard users across the networks, focusing on cultural verticals such as social casual gaming, sports, and intellectual property experiences. Additionally, the two entities plan to launch co-branded hackathons to enhance the program. TON has a history of hosting hackathons, with the most recent one being with leading NFT marketplace APENFT, to accelerate ecosystem growth and gain more visibility.
Furthermore, this initiative seeks to deploy Mocaverse’s interoperable SDK product and Telegram’s recently launched mini-app platform, which has driven a surge in TON’s adoption. These products aim to drive higher user engagement and adoption.
This significant collaboration is just one step in a larger effort to transform the management and utilization of digital identities. With the backing of Telegram’s massive user base, this partnership aims to offer a robust decentralized identity solution to 500 million users.
At the time of writing, TON is trading at $6.61, reflecting a 5.23% drop in the last 24 hours.
