TON Foundation and MOCA Foundation will utilize go-to-market and token resources to facilitate user cross-pollination and engagement across the foundations’ respective ecosystems, including but not limited to the use and integration of Moca ID on the reputation system on the TON Blockchain, across the TON ecosystem in the TON Society ID framework. Both Moca ID, which is Mocaverse’s decentralized identifier (DID), and TON Society ID will be utilized to enhance interoperability and support user growth. Moca ID and TON Society ID aim to provide users with a means to express their identity and values on-chain, thereby promoting seamless interaction and engagement within and between the respective ecosystems.

 

Mocaverse and the two foundations have committed to explore opportunities to bootstrap consumer growth of the TON Blockchain and Moca Network through Realm Network, Mocaverse’s flagship interoperable SDK product, and the Telegram Mini App Platform. In particular, Mocaverse and TON Foundation will work towards integrating the Realm Network SDK into TON Blockchain to serve as the central reputation source and onboard, attest, and query data across different TON ecosystem apps. This strategic collaboration will focus on onboarding and cross-pollinating users through key cultural verticals such as social casual gaming (such as GAMEE), sports, and IP experiences in accordance with strategic long-term goals.

 

Co-branded hackathons and an accelerator will also be launched by Mocaverse and the two foundations to reach and empower the most talented developers across both ecosystems and TON Blockchain. The three parties agree to use their reasonable endeavors to present qualifying projects to investors within their respective networks for investment. 

 

MOCA Coin (MOCA) and Toncoin (TON), valued at a combined total of USD$20 million, will be used exclusively to incentivize developers’ and users’ adoption of both ecosystems, including joint airdrops via TON’s The Open League and Moca Network's PointFi platform. 

 

Mocaverse is the marquee consumer network with an interoperable infrastructure layer of Account, Identity, Reputation, and PointFi systems seeded by Animoca Brands. Mocaverse will serve as the execution arm to fulfill the strategic objectives of both the MOCA Foundation and TON Foundation. The strategic partnership announced today will see the parties focus on building an identity and reputation system for consumer products and users.

 

Moca Network and Animoca Brands’ ecosystem of more than 450 portfolio companies will provide the consumer layer of content focused on culture and entertainment to the TON ecosystem, the official Web3 infrastructure of Telegram Messenger, which has over 900 million active users. This will help onboard users into the combined identity and reputation system facilitated by both Moca IDs and TON Society IDs.

 

Mocaverse, MOCA Foundation, and TON Foundation will establish a steering committee to drive partnership initiatives and develop further areas for collaboration and combined ecosystem growth.

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Management commentary

 

Yat Siu, executive chairman and co-founder of Animoca Brands, commented: “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.”

 

Steve Yun, TON Foundation council president, commented: “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, 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.” 

 

About Mocaverse

Mocaverse is the marquee consumer network with an interoperable infrastructure layer of Account, Identity, Reputation, and PointFi systems across the Mocaverse Partner Network, seeded by Animoca Brands. Mocaverse is dedicated to building the largest on-chain cultural economy by connecting and scaling the network effect of the Mocaverse Partner Network. At the epicenter of the Animoca Brands ecosystem, Mocaverse pioneered the Web3 identity and PointFi system where Moca NFT holders and Moca ID users can navigate and engage seamlessly across and beyond 450+ rewarding experiences from Animoca Brands’ investment portfolio with on-chain proof of reputation. Mocaverse is more than an ecosystem; it is an economy that empowers participants to build, earn, and grow together as we “mocalize” the masses. For more information visit https://www.mocaverse.xyz.

 

Website: https://www.mocaverse.xyz

X (Twitter): https://twitter.com/Moca_Network

Medium: https://medium.com/mocaverse

Discord: http://discord.gg/MocaverseNFT

 

About The Open Network

The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON’s vision is to empower 500 million users to own their digital identity, data, and assets by 2028. Learn more at https://ton.org.

 

About MOCA Foundation

MOCA Foundation is the community-owned foundation that aims to supercharge Mocaverse’s network effects for culture and entertainment. Its mission is to empower unity and collaboration, and to be at the forefront of innovation in governance, culture, and growth. It serves as the platform to build the largest interoperable cultural economy in the Web3 space powered by MOCA Coin, and support the growth of Moca DAO, an upcoming “DAO of DAOs” where members will take the lead in co-creating MIPs and engaging in cross-DAO empowerment through unique delegation models.

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Website: https://www.moca.foundation

X (Twitter): https://twitter.com/MOCAFoundation

 

About Animoca Brands

Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies 2024, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 450 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok.