🚀 Two Animoca Brands Subsidiaries Partner with TON Foundation
posted 22 Jul 2024
These projects are the digital identity platform Mocaverse and the token developers, the MOCA Foundation.
The partnership has established a $20 million fund (in TON and MOCA) aimed at fostering initiatives within the TON ecosystem.
Additionally, Mocaverse will supply user ID and reputation data to the decentralized TON Society ID personal data base. An account in TON Society ID will be required to participate in the decentralized network governance.
This partnership validates that TON has become the platform of choice for games and social apps,said TON Foundation Council President Steve Yun.
The MOCA Foundation and the TON Foundation have also entered a token-swap agreement between MOCA and TON to boost user activity across both blockchains, though specific details of the deal remain undisclosed.
At the end of last year, Animoca Brands became the largest TON validator at that time.
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