Animoca Brands and TON Partner for Token Swap

They plan to build a network based on identity and reputation.

This network will span both the Moca Network and TON Blockchain systems. Let’s discover more about this important news for Animoca Brands.

What’s Happening?

MOCA and TON Foundation have agreed to a token swap as part of this collaboration. They are exchanging their tokens, MOCA Coin (MOCA) and Toncoin, to incentivize their growth.

The goal is to encourage engagement and interactions between users of both ecosystems. They will achieve this by integrating Moca ID and Mocaverse’s decentralized identifier into the TON Blockchain’s reputation system, known as TON Society ID.

Source: X

Why does it matter?

Moca ID and TON Society ID will let users show who they are and what they value on the blockchain. With this, it will be easier for users to explore and operate within both systems.

The partnership aims to boost user growth through market strategies and token resources. This plan includes adding Mocaverse’s cross-platform product and the Realm Network SDK to the TON Blockchain. This will enhance the reputation system and encourage users to join various TON ecosystem apps.

The partnership plans to use go-to-market strategies and token resources to increase user growth. It involves adding the Realm Network SDK and Mocaverse’s cross-platform product to the TON Blockchain. If they do this, it will improve the reputation system. A lot of users will also join various apps in the TON ecosystem.

The partnership will zero in on casual social games, sports, and experiences with intellectual property to draw in users. Mocaverse and the two foundations will start co-branded coding contests and a program to help developers grow. They’ll also show promising projects to investors they know.

Management’s Take

Yat Siu, the co-founder of Animoca Brands, gave his two cents to this partnership. He said this team-up will push Web3 further and secure digital property rights. He pointed out that adding Moca ID and the Realm Network SDK to Telegram could boost their network impact.

Source: X

Steve Yun, TON Foundation Council President, said a few things about this partnership. He said it fits TON’s dream of free interaction and Animoca’s focus on digital property rights. The reputation system will allow users to show their identity and values on-chain. This will drive more people to use blockchain apps.

Manuel Stotz, TON Foundation Council Member, said this team-up brings together two top Web3 players. It will impact scaling and creating value in blockchain gaming like never before.

Animoca Brands and the TON Foundation are teaming up to create a big token swap. They want to unite by creating a shared identity and reputation system. All this will boost user involvement and help developers grow.

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