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Animoca Brands Invests in TON Network, Becomes Largest Validator

Digital game developer Animoca Brands has now become the largest validator on the open network blockchain.

The Open Network Blockchain also known as TON is a decentralized computer network consisting of a layer one blockchain with various components.

Now, Animoca Brands has become the largest Validator on The Open Network Blockchain.

This move supports the TON Foundation’s efforts to bring more game players onto web3 via Telegram through funding research and analytics platforms.

Furthermore, according to Justin Hun, the TON Foundation’s Director of Growth, he said:

Animoca’s research and analysis coincide with TON’s objective. Yun said that one of TON’s ambitions is to make web3 gaming seamless for Telegram users.

Right from new investment from the likes of Animoca is a toolset to allow developers to put any web game into Telegram which has an 800 million user base.

According to a press release, Animoca Brands has been supporting the growth of third-party gaming and GameFi projects within the TON ecosystem, especially TON Play, the network’s gaming infrastructure project.

TON Play allows developers to launch games directly onto Telegram and to port existing web games into the app via a web app.

TON Play also provides a toolkit that simplifies the development of blockchain-based games for developers of all skill levels.

Before this, Animoca Brands had conducted extensive research before deciding to invest in the TON ecosystem and published two research papers that highlight the potential of the TON blockchain to accelerate the mainstream adoption of crypto.

The papers emphasize the user-friendliness of TON-based dApps and other features that position the TON blockchain as a suitable chain for the development of web3 gaming.

Animoca Brands’ success in the Web3 space has also attracted the attention of investors, who have valued the company at $1.5 billion, making it a crypto unicorn.

The company has raised $100 million in a Series A funding round led by Andreessen Horowitz, with participation from other prominent investors, such as Ashton Kutcher, Will Smith, Nas, and Kevin Durant.

Source: Animoca Brands

Victor Chijoke

Passionate about blockchain, and the decentralized internet. A writer in the morning, goalie in the evening. The aim is to keep my readers informed about the ever-evolving world of web3 with a unique blend of expertise and storytelling.

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