TON Blockchain and Mocaverse Eye Up 500M Users by 2028

TON blockchain has announced a strategic partnership with Animoca Brands, a leading player in the gaming and blockchain industry to increase user action via a decentralized identity (DID) system.

Ton Blockchain has announced a new strategic partnership with Animoca Brands to integrate decentralized identity (DID) into Web3 gaming and social applications.

This collaboration will see Mocaverse, a consumer network backed by Animoca Brands (one of Ton’s top validators since last year), integrate MOCA ID into the Ton Blockchain.

Together, Ton Blockchain and Mocaverse aim to onboard 1.6 million users, combining Telegram’s 900 million users with Mocaverse’s network of 700 million users.

This partnership will also leverage genetics to onboard users across the networks, with a focus on cultural verticals like social casual gaming, sports, and intellectual property experiences.

The two parties will also launch co-branded hackathons to support the program.

This initiative will also see Mocaverse’s interoperable SDK product and Telegram’s recently launched mini-app platform be utilized to enhance user engagement and adoption.

Steve Yun TON Foundation council President highlighted the significance of this partnership as it will cement Ton’s position as a leader in the Web3 and gaming industry.

“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.”

This collaboration is a major development in the cryptocurrency space, with both foundations set to utilize their go-to- market and token resources to encourage user cross-pollination and engagement within their ecosystems.

As CNF earlier reported, TON has been at the forefront of hosting hackathons, with the latest being Leading NFT marketplace APENFT. These hackathons help accelerate the TON ecosystem while gaining more exposure.

This initiative aims to deploy Mocaverse’s interoperable SDK product and Telegram’s recently launched mini-app platform, which has seen TON’s adaption surge by massive numbers. The aforementioned products aim to bring into play higher user engagement and adoption.

This significant collaboration will be one step among many and is part of a larger process to revolutionize the way digital identities are managed and utilized. Backed by the humongous telegram following, this collaboration aims to provide a robust decentralized identity solution to 500 million users.

At the time of writing TON is changing hands at $6.61 marking a 5.23% drop in the last 24 hours.