SNEAK PEEK
Mocaverse, MOCA, and TON Foundations partner to build a reputation-based network.
$1B token swap to integrate Moca ID and TON Society ID for user growth.
Joint hackathons and developer incentives to boost blockchain ecosystems.
Animoca Brandsâ Mocaverse has announced a strategic cooperation with the MOCA Foundation and The Open Network (TON) Foundation to develop an identity and reputation-based consumer network. The partnership aims to integrate these features across the Moca Network and TON Blockchain ecosystems, promoting user cross-pollination and engagement.Â
A significant part of this partnership includes a foundation-level token swap agreement between MOCA Coin and Toncoin, valued at USD$1 billion FDV for MOCA Coin.
The integration is set to focus on utilizing go-to-market strategies and token resources to facilitate user engagement across both ecosystems. The integration of Moca ID and TON Society ID will enhance interoperability and user growth. These identifiers will help users express their identity and values on-chain, fostering seamless interaction within and between the ecosystems.Â
Our marquee project @Moca_Network has just announced a strategic partnership with @MocaFoundation and @ton_blockchain to implement an identity and reputation-based consumer network acrossMoca Network and TON Blockchain ecosystems.
https://t.co/9wmeyyiVOi pic.twitter.com/JFPlONvGho
â Animoca Brands (@animocabrands) July 22, 2024
Mocaverse, MOCA Foundation, and TON Foundation will explore opportunities to boost the TON Blockchain and Moca Network through the Realm Network, Mocaverseâs interoperable SDK product, and the Telegram Mini App Platform. The Realm Network SDK will be integrated into the TON Blockchain, serving as a central reputation source to onboard, attest, and query data across various TON ecosystem apps.Â
The collaboration will also include co-branded hackathons and accelerator programs to attract and empower developers within both ecosystems. The three entities have agreed to support qualifying projects by presenting them to investors within their networks. This initiative aims to drive innovation and development within the blockchain space.
MOCA Coin and Toncoin, valued at a combined USD$20 million, will be used to incentivize developer and user adoption. Joint airdrops via TONâs The Open League and Moca Networkâs PointFi platform are part of this initiative. These incentives aim to increase participation and engagement within the respective ecosystems.
A steering committee will be established to drive partnership initiatives and identify further areas for collaboration. This committee will oversee the strategic objectives and ensure the successful implementation of the partnershipâs goals.
Yat Siu, executive chairman of Animoca Brands, emphasized the partnershipâs potential to advance digital property rights and Web3 adoption. Steve Yun, TON Foundation council president, highlighted the alignment between TONâs vision of interaction freedom and Animoca Brandsâ focus on digital property rights. Manuel Stotz, TON Foundation council member, noted the combined effortâs potential to drive scaling and value creation in blockchain gaming and beyond.
The post Animoca Brands and TON Blockchain Unite for User Identity Revolution appeared first on Today NFT News.
