TON Blockchain has formed a strategic partnership with Animoca Brands’ Mocaverse and MOCA Foundaiton. The partnership, announced today, aims to create one of the largest interoperable consumer networks in the cryptocurrency space, potentially reaching more than 1.6 billion users. Meanwhile, on-chain data shows that the altcoin project has seen a remarkable 5,360 percent increase in daily active addresses on the network this month.
TON Blockchain and Animoca partnership structure and initiatives
TON Blockchain has formed a strategic partnership with Animoca Brands‘ Mocaverse and MOCA Foundaiton, aiming to create a large consumer network in the cryptocurrency space. The partnership aims to expand the consumer network for the altcoin project. Combining TON Blockchain’s 900 million users and Moca Network’s 700 million users, the partnership offers the potential to reach more than 1.6 billion users. Moca Network is described as a “network of networks”, with TON Blockchain serving as an anchor partner to support growth.
The partnership will have a steering committee consisting of representatives from Mocaverse, MOCA Foundaiton and TON Foundaiton. There is also a token swap agreement worth $20 million in TON and MOCA tokens. User reputation also plays an important role in this partnership. In addition, the Realm SDK is intended to be adopted as a central source of user reputation. This will increase trust and credibility within the network and drive more user engagement.
Partnership impact and additional strategic moves
The strategic alliance between TON Blockchain, Mocaverse and MOCA Foundation aims to accelerate the mainstreaming of cryptocurrency and Blockchain technology. This alliance represents a step towards creating a stronger and more user-friendly Blockchain ecosystem by combining resources, users and technologies. At the same time, Animoca Brands intends to increase security and stability on the Core Blockchain network and to this end plans to launch a validator on the Core Blockchain.
Validators play an important role in ensuring the authenticity of transactions and contribute to overall network security. Animoca Brands will actively participate in the governance of Core Blockchain and will also support the release of liquidity trapped in the Bitcoin Blockchain. In addition, Animoca Brands will collaborate with Core contributors and plans to select decentralized applications from the Web3 investment portfolio.
Record increase in daily active addresses of the altcoin project
As you have been following on Kriptokoin.com, the Toncoin ecosystem continues to grow. Toncoin recently took a monumental step forward. According to data released today by ‘The Block Pro’, daily active addresses on the network increased by 5,360% this month compared to the previous year. Overall, this data has generated significant optimism for the altcoin and its ecosystem. It also underscored the burgeoning global adoption. Here’s a brief overview of the data that is making optimistic waves for tier 1 blockchain. According to ‘The Block Pro’, TON daily active addresses increased by 5,360% year-over-year to 373,000 as of July 15. This shows that usage is increasing, the network is growing, and has triggered bullish market sentiment for the Toncoin ecosystem.
Meanwhile, the data also revealed that more than half of the projects working on the ecosystem are running as bots on the social media platform Telegram. This underscores the strong connection between the two entities led by Pavel Durov. Furthermore, the ecosystem’s top categories that attract users include analytics, gaming (P2E) and investments, showing the diversity that supports community interest. “The Block Pro’s” data further solidified user appeal by identifying more than 200 projects across eight different categories on layer-1 Blockchain.
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