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Animoca Brands Invests in TON Network, Becomes Largest Validator

The gaming and metaverse-focused firm declined to provide details of its investment.

By Jamie Crawley
AccessTimeIconNov 28, 2023 at 12:00 p.m. UTC
Yat Siu, co-founder and executive chairman of Animoca Brands. (Shutterstock/CoinDesk)
Yat Siu, co-founder and executive chairman of Animoca Brands. (Shutterstock/CoinDesk)
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Gaming and metaverse-focused venture capital firm Animoca Brands has made an investment in the TON ecosystem and become the largest validator on the TON blockchain.

Hong Kong-based Animoca Brands is assisting third-party gaming projects to build in the ecosystem by supporting TON Play, the network's gaming infrastructure project, according to an announcement on Tuesday.

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    • Animoca declined to provide details on the terms of its investment when contacted by CoinDesk.

    TON received the endorsement of Telegram as its blockchain of choice for Web3-related developments in September, giving potential TON-based projects a prospective target audience of the messaging app's 800 million users.

    Read More: Animoca Brands Courts $50M Investment From Saudi Arabia's NEOM

    Edited by Sheldon Reback.



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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

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