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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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    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

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