Mocaverse Teams up with The Open Network for a Strategic Partnership

Mocaverse, of Animoca Brands, has announced a new partnership with The Open Network (TON) bringing together one of the largest web3 gaming entities with one of the fastest growing gaming-oriented chains!

The goals of this partnership include implementing an “identity and reputation-based consumer network across Moca Network and TON Blockchain ecosystems”, as well as facilitating and encouraging user engagement across both ecosystems.

As part of the agreement, MOCA Foundation and TON Foundation have executed a strategic, foundation-level token swap agreement of MOCA Coin (MOCA) priced at US $0.113 to the tune of $1 billion US dollars! That’s a lot of tokens!

The projects plan to integrate the Moca ID onto the TON blockchain and to use both the Moca ID and the Ton Society ID to enhance interoperability between the two networks.

Mocaverse, along with Animoca and the TON Foundation, are already exploring ways they can integrate the Realm Network SDK into the TON blockchain where it will serve as the central reputation source. The Realm Network will also make it easier to link different apps together across the TON chain.

Additionally, the three foundations plan to launch co-branded hackathons and an accelerator, develop joint airdrop programs, and work to incentive developers' and users' adoption on both ecosystems. This ventures wil be initially funded with $20 million USD worth of MOCA and TON tokens.

Here are some comments on this partnership from executives on both sides of the deal.

Yat Siu, executive chairman and co-founder of Animoca Brands: 

“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:

“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; founder and managing partner of Kingsway
Capital, the largest outside shareholder of Animoca Brands: 

“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.”

What is The Open Network (TON)?

The Open Network, or TON for short, is a blockchain developed by the team behind Telegram, one of the most popular messaging apps in existence, used by millions around the globe. TON is a proof of stake blockchain system, utilizing the TON token as the primary currency.

TON has become a popular chain in recent months with the rise of the in-app, tap to earn gaming ecosystem. Currently boasting nearly 4 million transactions per day, the TON chain seems to be here to stay and should see an additional boost with this partnership with Animoca Brands.

You can learn more about TON at https://ton.org.

What is Animoca Brands?

Animoca Brands is a web3 focused, investment and development studio with investments in over 450 web3 projects. These include Yuga Labs, The Sandbox, Phantom Galaxies, Life Beyond, just to name a few!

Animoca Brands has their own founder-type PFP, NFT collection known as Mocas. These Mocas are part of a larger Mocaverse that encompasses everything that Animoca Brands touches. Those who hold Moca NFTs and participate in the Mocaverse can win special prizes, receive access to early releases or special tournaments, and they can even vote on proposals from the Bored Ape Yacht Club DAO!

What is the Mocaverse?

The Mocaverse is kind of an initial proof of concept of the ideas behind the Realm Network, an interconnected ecosystem of apps, both on the blockchain and off.  Part of the Realm Network are Realm IDs, a combination of digital identification and reputation tracker.

Moca IDs are an example of Realm IDs. Players can use their Moca ID to login and earn points across various games. Mocaverse has onboarded nearly 1.5 million accounts onto their Moca ID system. Moca IDs are free. Head over the the Mocaverse website to claim your ID now.

The prime NFTs for the Mocaverse are the Mocas, a limited edition collection of PFP style NFTs that include founder level benefits to their holders, particularly those who keep their Mocas rather than trading them. Mocas offer additional ongoing point accumulations, which can be used for special giveaways and events. They also function as playable characters in Pixels.