The collaboration is set to boost interoperability and broaden the consumer network, potentially transforming the blockchain industry.
According to Coinglass, a platform that tracks cryptocurrency market data, Toncoin’s trading volume has surged by 170.12% in the past 24 hours, reaching $218.92 million.
This dramatic increase is likely linked to a recent major partnership between the TON Blockchain and Animoca Brands’ Mocaverse, alongside the MOCA Foundation. This partnership aims to build a strong consumer network, targeting 1.6 billion users and driving the adoption of blockchain technology.
TON Partners MOCA
The alliance between the TON Blockchain, Animoca Brands, and the MOCA Foundation represents a significant development in the cryptocurrency and blockchain fields. This collaboration is set to boost interoperability and broaden the consumer network, potentially transforming the blockchain industry.
The TON Foundation and MOCA Foundation will use their marketing and token resources to encourage user integration across their ecosystems. Animoca Brands and Mocaverse will promote the benefits of working with the TON blockchain, particularly for gaming projects. They will also integrate Moca ID into the TON blockchain and ecosystem, along with TON Society ID, to ensure smooth interoperability.
Together, the partnership combines the user bases of both platforms, with TON’s 900 million users and Moca Network’s 700 million, creating a potential reach of over 1.6 billion users. This merger aims to enhance growth across ecosystems, with Moca Network positioning itself as a “network of networks” and the TON Blockchain serving as a key partner.
A steering committee will be established to oversee the partnership. This committee will include representatives from Mocaverse, the MOCA Foundation, and the TON Foundation. It will manage a special fund dedicated to expanding the ecosystem. The partnership also involves a $20 million token swap agreement, using TON and MOCA tokens. These funds will support user growth through the PointFi system and help onboard new applications to the TON ecosystem.
A key part of the partnership focuses on improving user reputation within the network. The Realm SDK will be adopted as a central tool for managing user reputation across ecosystem apps on the TON Blockchain. This move aims to build trust and encourage greater user engagement.
Additionally, the TON Foundation has announced the upcoming launch of TON Teleport BTC. This project will enable secure and efficient transfers between Bitcoin (BTC) and the TON Blockchain, aiming to increase Bitcoin’s role in the decentralized finance (DeFi) sector.
