Animoca Brands Invests in TON Network, Becomes Largest Validator

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

AccessTimeIconNov 28, 2023 at 12:00 p.m. UTC
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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.

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.

Edited by Sheldon Reback.


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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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