TON Foundation and Animoca Brands' Mocaverse Team Up on $20 Million Fund

IconCryptoNewsTerminal Staff22 Jul, 2024

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TON Foundation and Animoca Brands' Mocaverse Team Up on $20 Million Fund

The Telegram Open Network (TON) Foundation recently announced a partnership with Animoca Brands' NFT project, Mocaverse, through which they will launch a $20 million fund for the benefit of the TON ecosystem. This fund will combine the resources of MOCA and TON Reserve to support hackathons, community events, and the development of an accelerator program. The fund will support projects that align with the TON Foundation's mission of fostering innovation and expanding adoption of the TON blockchain. This collaboration between TON Foundation and Animoca Brands is an exciting step towards expanding the TON ecosystem and forging a more robust future for the blockchain. With Animoca Brands' extensive experience in the gaming and metaverse sectors, and Mocaverse's expertise in the NFT (non-fungible token) realm, this partnership brings together a powerful combination of knowledge and resources. The fund is expected to be a valuable catalyst for projects and initiatives within the TON ecosystem, fostering an environment that encourages creativity and drives the adoption and growth of the TON blockchain.

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