Mocaverse NFT Project Partners With TON To Bring Masses Into Web3

Updated: 23 July 2024

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Mocaverse, a non-fungible token collection from the game software company and venture capital company Animoca Brands, has signed a strategic partnership with Ton Blockchain to bring the masses into the nascent web3 space. In this article, we shall assess the new collaboration in more detail.

Mocaverse Taps Ton To Bring Masses Into Web3

In a July 22 blog post, Mocaverse confirmed inking a strategic partnership with Ton Blockchain to grow the interoperable consumer network. Mocaverse and Ton Blockchain anticipate driving true consumer crypto and non-fungible token adoption jointly.

We are excited to announce our strategic partnership with @ton_blockchain to grow the interoperable consumer network. Together, we are driving true consumer crypto adoption!

900M + 700M = 1.6 Billion+ Addressable Users 🤳🏻
With Moca Network’s 700m+ addressable users, this… pic.twitter.com/gIGugmlxwF

— Mocaverse💼🪐 (@Moca_Network) July 22, 2024

Launched in March 2023, Mocaverse is a non-fungible token collection launched by blockchain gaming and NFT infrastructure provider Animoca Brands. Mocaverse NFT collection features 8,888 NFTs of characters called Mocas hosted on the Ethereum blockchain network.

The Mocaverse NFT project was created to strengthen Animoca Brands’ ecosystem of Web3 and metaverse-centric projects, as well as bring together the company’s portfolio of crypto projects, subsidiaries, joint ventures, and partners through a unique NFT collection.

On the other hand, the Open Network (TON) is a decentralized computer network consisting of a layer-1 blockchain with various components. The Open Network is focused on putting crypto in every pocket by building the Web3 ecosystem in Telegram and making digital ownership easy for billions.

Mocaverse And Ton Blockchain Integration

Under this strategic partnership, Mocaverse anticipates joining its 900 million users with 700 TON users to create a collective addressable user base of 1.6 billion+ users. Moca Network strives to become the network of networks, with TON being the anchor partner to champion cross-ecosystem growth, followed by more partnerships with the broader TON ecosystem app.

Moreover, Mocaverse and TON Foundation anticipate establishing a steering committee to drive partnership initiatives and treasury for ecosystem growth. The new steering committee will mobilize $TON and $MOCA from the token swap agreement, valued at $20 million, to facilitate cross-user pollination and drive user growth through the PointFi system and onboarding apps to the TON ecosystem.

Mocaverse NFT collection has reacted sharply to this new partnership announcement. Data from CoinGecko.com, an on-chain crypto market data aggregator and a non-fungible token collection explorer, shows that the Mocaverse NFT trading sales volume has surged +100% today.

In the past 24 hours, the Mocaverse NFT collection has raised a trading sales volume of 20 ETH, up 106% from the past day. Mocaverse also saw its floor price surge from 1.38 ETH to 1.48 ETH shortly after the announcement. The NFT collection has a market cap of 13,119 ETH.