Breaking: Animoca Brands Officially Becomes Largest Validator On TON Blockchain

On Tuesday, Hong Kong-based game software company and venture capital company Animoca Brands 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 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.”

Recommended Articles

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 to 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 critical metrics of TON Blockchain. The collaboration will help users to onboard into Web3 mini-apps easily. The company has been a crucial 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.

TON Price Jumps 3%

The TON price has experienced a 3% surge in the last 24 hours, reaching $2.47 in the current trading session. During this period, the price fluctuated between a low of $2.38 and a high of $2.47. Additionally, there has been a notable 50% increase in trading volume over the last 24 hours, suggesting a heightened interest among 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.