Hong Kong-based venture capital firm Animoca Brands has made a major investment in the Telegram Open Network (TON) blockchain, solidifying its position as the largest validator on the TON blockchain. Through this strategic investment, Animoca is actively supporting third-party gaming projects in the TON ecosystem.
The investment comes shortly after Telegram announced its endorsement of TON as its blockchain of choice for Web3-related developments in September, which has further strengthened TON’s prominence in the blockchain space.
Animoca Brands’ investment in TON signals the growing intersection of blockchain and gaming, as TON provides a robust infrastructure for decentralized applications (DApps) in the gaming industry. With influential players like Animoca Brands backing TON, the blockchain’s position as a key player in the emerging Web3 technologies is further reinforced.
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