Sign Up on MEXC
Hong Kong-based game software company and venture capital company Animoca Brands on Tuesday became the largest validator on The Open Network (TON) blockchain. The company plans to assist with the growth of various gaming and GameFi projects on the TON blockchain.
Traders have responded immediately to the Animoca Brands announcement triggering an upside move in TON price.
Animoca Brands Expands Investment in TON Blockchain
A Fortune crypto 40 company Animoca Brands has become the largest validator of The Open Network (TON) Blockchain, the company announced in a press release on November 28.
Yat Siu, co-founder and executive chairman of Animoca Brands, said:
“This strategic investment in TON is a key part of our broader commitment to help onboard the next million Web3 users by facilitating a seamless transition from Web2 to Web3.”
Animoca Brands is continuing its commitment to the TON ecosystem, assisting with the growth of third-party gaming and GameFi projects within TON’s ecosystem. The user-friendliness of TON-based dApps and TON Blockchain’s scalability are the two reasons for further investment. TON Play is one TON-based gaming infrastructure project committed for Animoca Brands’ support.
To take a deeper dive into the numbers behind TON, the Animoca digital asset team has created an analytics dashboard to visualize key metrics of TON Blockchain. The collaboration will help users to easily onboard into Web3 mini-apps. The company has been a key backer of Web3.
Additionally, two research papers that Animoca Digital Research will publish explore the potential of TON Blockchain to accelerate the mainstream adoption of crypto.
Also Read: Ex-Binance CEO Changpeng ‘CZ’ Zhao Hires Veteran Federal Prosecutor Matthew Diggs
TON Price Jumps 3%
TON price jumped 3% in the past 24 hours, with the price currently trading at $2.47. The 24-hour low and high are $2.38 and $2.47, respectively. Furthermore, the trading volume has increased by 50% in the last 24 hours, indicating a rise in the interest of traders.
Recently, Animoca Brands shifted its focus away from the U.S. after the SEC labeled Animoca’s SAND cryptocurrency as unregistered security while targeting exchanges Binance and Coinbase.
Also Read: Why Is USTC and LUNC Price Soaring? What Is Mint Cash?
- Grayscale Files Registration Statements for Litecoin, Hedera, and Bitcoin Cash ETFs
- SEC Delays Decision on Bitwise Dogecoin ETF Ahead First DOGE ETF Launch
- Metaplanet Upsizes Capital Raise To $1.4 Billion To Buy More Bitcoin
- Eric Trump Removed From WLFI Treasury Firm Alt5 Sigma’s Board
- Senate Democrats Signal Bipartisan Support With Release Of CLARITY Act Framework
- Meme Coin Price Prediction: Shiba Inu, Pepe Coin, Dogecoin, TRUMP
- HYPE Price Eye $88 the Next as Lion Group’s Treasury Shifts to Hyperliquid
- Ripple Ecosystem Growth Meets Technical Strength—Is XRP Price on the Verge of $10?
- Cardano Price Prediction as Sept Fed 50bps Cut Odds Surge – Is $1.65 Next?
- Chainlink Price Prediction: Analyst Sees 48% Rally as Grayscale ETF Filing Ignites Hype
