Popular Gaming Company Animoca Brands Announces Investment in This Altcoin

According to Coindesk, Animoca Brands, a game and metaverse focused venture capital company, announced that it has invested in the TON ecosystem.

With this investment, Animoca Brands has become the largest validator on the TON blockchain.

“TON Foundation today announced that Animoca Brands, the company that develops digital property rights for gaming and the open metaverse, has become the largest validator of the Open Network (TON) Blockchain.

Animoca Brands helps grow third-party gaming and GameFi projects in the TON ecosystem as projects work to scale.

“With this collaboration, facilitated by the strategic efforts of Manuel Stotz of Kingsway Capital, Animoca Brands further strengthens its commitment to the TON ecosystem.”

“This strategic investment in TON is an important part of our broader commitment to help capture the next million Web3 users by facilitating the seamless transition from Web2 to Web3,” said Yat Siu, co-founder and executive chairman of Animoca Brands. “It underlines our belief that the vision behind the TON project, which aims to bring Web3 into the mainstream, will be successfully realized. We have already seen significant growth potential in games with TON and look forward to working with other innovative teams developing exciting TON-based games.” said.

Following the news, the price of TON recorded a small increase of 1%.

*This is not investment advice.