Aiming to enhance cross-ecosystem engagement, Animoca Brands Corporation Ltd's Mocaverse has forged a strategic partnership with MOCA Foundation and TON Foundation to integrate identity and reputation-based networks across Mocaverse and the TON Blockchain ecosystems.
Central to this initiative is the implementation of Moca ID, Mocaverse’s decentralised identifier, alongside TON Society ID within the TON Blockchain’s framework, facilitating seamless user interaction and cross-pollination.
As part of the partnership, MOCA Coin and Toncoin have been subject to a strategic token swap, valued at US$0.113 per MOCA, amounting to a significant FDV of US$1 billion.
This exchange is designed to incentivise ecosystem growth and user engagement across both platforms.
The integration efforts will leverage Mocaverse’s Realm Network SDK to establish a central reputation source within the TON Blockchain, enabling the verification and exchange of user data across various applications.
Further initiatives include co-branded hackathons and accelerators aimed at fostering developer talent within both ecosystems. These efforts underscore a commitment to fostering innovation and accelerating the adoption of decentralised technologies across cultural and entertainment verticals.
With more than 900 million active users on Telegram Messenger, the TON Blockchain serves as the official Web3 infrastructure, positioning this partnership to impact consumer engagement and decentralised identity solutions. Establishing a steering committee will drive ongoing collaboration and growth initiatives between the three entities.
This strategic alliance marks a pivotal step towards establishing robust identity and reputation frameworks within decentralised ecosystems, poised to redefine user interaction and engagement standards across global markets.
“Our shared mission”
Animoca Brands executive chairman and co-founder Yat Siu said: “The collaboration between Mocaverse, TON Foundation and MOCA Foundation is an exciting milestone on our shared mission of Web3 mass adoption and the advancement of digital property rights.
"The unique partnership between Telegram and the TON Foundation and the collaboration revealed today provide an opportunity to bring Moca ID and the Realm Network SDK to Telegram’s 900 million users, which we believe could exponentially magnify all our respective network effects.”
TON Foundation council president Steve Yun said: “TON’s vision of freedom of interaction aligns strategically with Animoca Brands’ focus on digital property rights. This partnership validates that TON has become the platform of choice for games and social apps.
"The reputation system we co-create will become a powerful opt-in platform through which users can express their identity and values on-chain. We are excited to take a leap with Animoca Brands towards widespread adoption of blockchain applications.”
Manuel Stotz, TON Foundation council member and founder and managing partner of Kingsway Capital, the largest outside shareholder of Animoca Brands, also commented: “The partnership between Animoca Brands and TON Foundation brings together the two leading players in Web3 content, community and distribution which in this combination will drive unparalleled scaling and value-creation opportunities in blockchain gaming and beyond.”