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Animoca Brands Now the Largest Validator on TON Network

Animoca Brands Now the Largest Validator on TON Network

Animoca Brands is now TON blockchain’s largest validator and will henceforth “provide funding, research, and an analytics platform.” The software company said Animoca’s collaboration with TON further reinforces its commitment to the latter’s ecosystem. The Animoca Brands chairman said the investment in TON underscores his organization’s desire to help onboard the next million Web3 users.

TON Scalability

Animoca Brands, the Hong Kong-based game software company, is now the largest validator of The Open Network (TON) blockchain and “will provide funding, research, and an analytics platform.” In a statement, Animoca said this new collaboration further reinforces its commitment to the TON ecosystem.

As noted in the statement, Animoca initially conducted extensive research before committing to invest in TON’s ecosystem. In one of the two research papers it developed, Animoca said it saw the user-friendly decentralized applications (dapps) on TON and the protocol’s scalability as key elements to the TON community’s growth.

Commenting on Animoca’s renewed commitment to the protocol, Justin Hyun, the director of growth at TON Foundation, described the investment as the next important step in blockchain-based gaming. He added:

Its new analytics platform and in-depth research reports represent alignment with TON Foundation’s mission. Together, we will infuse Web3 seamlessly into the daily experiences of Telegram users, particularly in gaming, for a global audience to enjoy.

Yat Siu, the co-founder and executive chairman at Animoca Brands, said the investment represents his organization’s goal of helping onboard the next million Web3 users. He added that Animoca’s participation in the TON network’s validation also demonstrates faith in the “vision behind the TON project.”

According to the statement, TON Play is one gaming infrastructure project which is expected to receive Animoca’s support. Besides providing the needed infrastructure and solutions for gaming projects to launch directly onto Telegram, TON Pay also gives developers an opportunity to harness the social app’s 800 million active users.

What are your thoughts on this story? Let us know what you think in the comments section below.



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