Strategic Partnership Between Mocaverse and TON Blockchain Announced

• Mocaverse partners with TON Blockchain to integrate Moca ID and expand user engagement across ecosystems.
• The collaboration focuses on social gaming, sports, and IP experiences to enhance user onboarding and cross-pollination.

Mocaverse has announced a strategic partnership with TON Blockchain to expand the interoperable consumer network and drive actual consumer cryptocurrency adoption.

This collaboration is a big step forward in the cryptocurrency field, as both foundations, TON and MOCA, will use their go-to-market and token resources to promote user cross-pollination and involvement within their respective ecosystems.

We are excited to announce our strategic partnership with @ton_blockchain to grow the interoperable consumer network. Together, we are driving true consumer crypto adoption!

900M + 700M = 1.6 Billion+ Addressable Users
With Moca Network’s 700m+ addressable users, this… pic.twitter.com/gIGugmlxwF

— Mocaverse (@Moca_Network) July 22, 2024

Integrating Moca ID to Enhance TON Blockchain Reputation System

The partnership intends to include Moca ID into the TON Blockchain’s reputation system, hence improving the TON ecosystem inside the TON Society ID framework. This effort highlights both foundations’ dedication to providing a seamless and user-friendly experience for their communities.

The huge, addressable user base that this partnership brings together is one of its most striking features. Moca Network has 700 million addressable users, while TON Blockchain has 900 million, bringing the total to an astonishing 1.6 billion.

This strategic cooperation will definitely provide each ecosystem with unrivalled chances for growth and participation.

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.” He added:

“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.”

Focusing on Social Gaming and Cultural Verticals for User Onboarding

The collaboration will concentrate on onboarding and cross-pollinating consumers in key cultural verticals such as social casual gaming, sports, and intellectual property experiences.

Notably, GAMEE, a popular social gaming platform, will play an important part in this project. This approach accords with both foundations’ long-term strategic aims of creating a lively and interactive community.

Moca Network intends to be the “network of networks,” with TON as the anchor partner driving cross-ecosystem growth. This partnership is expected to pave the door for future partnerships with other apps in the TON ecosystem, resulting in a more integrated and resilient blockchain environment.

To ensure the partnership’s success, Mocaverse, MOCA Foundation, and TON Foundation will form a steering group. This committee will be in charge of coordinating partnership activities and managing the money to support ecosystem growth.

The committee will deploy resources from a USD $20 million token swap agreement to promote user growth via the PointFi system and integrate apps into the TON ecosystem.

The Realm Network SDK will also be used as a primary source of user reputation for ecosystem apps on the TON Blockchain, thanks to this partnership. This step is expected to improve the legitimacy and reliability of user interactions in the ecosystem.

At the time of writing, the native token of the TON Blockchain (TON) is trading around $7.03, down 1.55% over the last 24 hours. The token has been in a bearish trend for the past week and has been sideways for the last month.

On the other hand, CNF recently reported that the crypto exchange BitGet has announced the listing of Mocaverse’s token (MOCA) on July 11, 2024.

Furthermore, Animoca Brands has worked with Standard Chartered and HKT to establish a sandbox for issuing stablecoins under the HKMA. This collaboration intends to revolutionize the use of stablecoins while also supporting Hong Kong’s digital asset ecosystem.