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According to reports, TON Foundation, a non-profit organization offering a platform for decentralized apps (dApps) and services, recently announced plans to merge forces with Mantle Network, one of the world’s leading Ethereum Virtual Machine (EVM) compatible Layer 2 scaling solutions provider.
The forthcoming collaboration between the two organizations has positioned Mantle Network as one of the most significant accomplices for the TON Foundation, enabling more interoperable EVM-compatible Layer 2 blockchain capabilities on TON.
The strategic alliance between the two organizations transcends beyond token integration, as the two entities have set their sights on utilizing community_bot, a Telegram-native toolset for crypto communities. The main objective behind introducing the community_bot is to provide users with an educational and informational distribution platform. Furthermore, the decision to utilize the community_bot will hook up users in Mantle’s Telegram channels and Mantle’s Ecosystem project channels directly to TON’s thriving community on Telegram.
Justin Hyun Reflects On The Collaboration
Justin Hyun, the Director of Growth at TON Foundation, expressed optimism about the forthcoming partnership with Mantle Network. He believes this collaboration will benefit their communities by creating a more interconnected and interoperable Web3 ecosystem, especially for Telegram’s vast user base.
Meanwhile, according to Justin, this partnership aims to provide users in both ecosystems with a seamless cross-chain experience.
In addition, Jordi Alexander, Chief Alchemist of Mantle, added that the organization is thrilled to find common ground with the TON Foundation and form a strong alliance to foster the growth and development of both entities. As a significant accomplice of TON Foundation, jacking up advancing EVM-compatible Layer 2 blockchain capabilities on TON is of utmost importance, and Mantle will make sure that the vision of an interoperable multichain future that puts users first is realized.
Also read: Charles Hoskinson Unveils Cardano’s Djed Stablecoin Revival Plans
More About TON Foundation and Mantle Network
TON Foundation is a Switzerland-based non-profit organization established in 2023. The network offers users a platform to build decentralized apps (dApps) and services. Being a non-profit organization, Ton Foundation is completely funded by the community and acts in accordance with the community’s interests.
The Mantle Ecosystem is a collection of Ethereum-based components, including Mantle Network (an L2 solution), Mantle Governance (a decentralized autonomous organization), Mantle Treasury (featuring a large on-chain treasury), and Mantle LSD (an upcoming Ether liquid staking product). These elements are all integrated into Ethereum with Mantle Token being the primary token of the ecosystem.
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