TON Blockchain and Animoca Brands’ Mocaverse Announce Strategic Alliance

Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Jul 22, 2024 18:41

TON Blockchain has announced a strategic alliance with Animoca Brands’ Mocaverse and the MOCA Foundation, which aims to create one of the largest interoperable consumer networks in the cryptocurrency space. This merger creates a potential reach of over 1.6 billion users, significantly expanding the scope and influence of both platforms. The collaboration includes a substantial financial commitment, with a token swap agreement valued at $20 million in TON and MOCA tokens. These funds will be utilized to facilitate cross-user pollination and drive user growth through the PointFi system, as well as onboarding new apps to the TON ecosystem.