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Animoca Brands, a prominent Web3 venture firm, has become the largest validator for The Open Network (TON) blockchain. This partnership between the TON Foundation and Animoca Brands is designed to attract new users to Web3 via mini-apps integrated with Telegram.
“Together, we will seamlessly integrate Web3 into the everyday experiences of Telegram users, especially in gaming, for a worldwide audience to appreciate,” stated Justin Hyun, Director of Growth at the TON Foundation.
To date, TON has handled over 165 million transactions, with daily transaction volumes remaining consistent this year at approximately 200,000.
One area of focus for Animoca is TON Play, a gaming infrastructure platform that allows gaming projects developed on TON to launch directly on Telegram and enables developers to transfer existing web games into the Telegram environment.
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By utilizing Telegram’s active user base of more than 800 million, TON Play provides game developers with the chance to connect with a large global audience.
The blockchain’s native TON token has increased by 18% over the past month.
“This strategic investment in TON is a crucial element of our wider commitment to onboard the next million Web3 users by ensuring a smooth transition from Web2 to Web3,” remarked Yat Siu, co-founder and executive chairman of Animoca Brands.
Animoca Brands has investments in over 400 Web3 companies through Animoca Ventures, positioning it as one of the most engaged investors in the industry.
