Animoca Brands: Now the Largest Validator in TON Network Investment

• Animoca Brands Invests in TON Ecosystem and Climbs to Largest Validator Position
• Supporting Development in the TON Ecosystem
• Telegram's Endorsement of TON
• Animoca Brands' Significant Investment

Animoca Brands Invests in TON Ecosystem and Climbs to Largest Validator Position

Animoca Brands, a venture capital firm concentrating on gaming and metaverse, has made a significant investment in the TON ecosystem. It has consequently become the leading validator on the TON blockchain, further solidifying its presence in the sector.

Supporting Development in the TON Ecosystem

Operating out of Hong Kong, Animoca Brands is fostering third-party gaming projects within the ecosystem. The firm is backing TON Play, a gaming infrastructure project within the network, as disclosed in a Tuesday announcement. However, specific details regarding the terms of its investment remain undisclosed.

Telegram's Endorsement of TON

In September, TON earned the support of Telegram as its preferred blockchain for Web3-related developments. This endorsement potentially opens up TON-based projects to Telegram's extensive user base, which is estimated at 800 million.

Animoca Brands' Significant Investment

Animoca Brands has drawn considerable attention with news of a $50M investment from Saudi Arabia's NEOM. While details about this investment are sparse, it signifies a potentially valuable partnership for the venture capital firm.

Edited by Jonathan Stoker