Animoca Brands invests in TON and becomes the network’s largest validator

As part of the partnership, the parties will engage in the development of blockchain gaming

28.11.2023 - 14:30

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What’s new? Animoca Brands, a blockchain game developer, has announced an investment in The Open Network (TON) protocol. The amount of the investment was not disclosed, but it is known that as a result, Animoca became the largest validator of TON. Also, as part of the partnership, the company provided an analytics platform to evaluate metrics of the blockchain ecosystem.

Press release

What else is known? Representatives of Animoca write that TON was selected for the partnership following a study that demonstrated the high potential of the network to accelerate the mass adoption of cryptocurrencies. As the main distinguishing features of the project, analysts highlighted the scalability and usability of decentralized applications (DApps) based on it.

Animoca will also support the TON Play project, which allows developers to create game applications based on TON and launch them in Telegram, as well as transfer existing web games to the messenger. Ton Play will allow developers to create and present games to Telegram’s 800 million users using the web app and the PlayDeck bot to browse the mobile game catalog.

Animoca will also consider bringing some games and apps from its portfolio of over 400 Web 3.0 projects to Telegram.

Earlier, GameFi org, a Web 3.0 gaming platform, also partnered with TON to develop blockchain gaming.

In late October, TON developers conducted a performance test that resulted in the blockchain breaking a world record with a peak speed of 108 409 transactions per second (TPS), well above the results of other networks and payment systems Visa and Mastercard. With an increase in the number of validators, TPS may reach several million.

As of November 29, 14:00 UTC, TON ranks 12th in the cryptocurrency ranking with a capitalization of $8,5 billion and is trading at $2,46, having added 2% overnight. Weekly growth, according to aggregator CoinGecko, amounted to 4,4%.

Besides, in late October, Animoca itself received investment from Saudi Arabia’s NEOM, the company behind the much-talked-about 170-kilometer line city project.

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