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Animoca Brands Invests in TON Network, Becomes Largest Validator
The gaming and metaverse-focused firm declined to provide details of its investment.
Updated Nov 28, 2023, 12:00 p.m. Published Nov 28, 2023, 12:00 p.m.
Gaming and metaverse-focused venture capital firm Animoca Brands has made an investment in the TON ecosystem and become the largest validator on the TON blockchain.
Hong Kong-based Animoca Brands is assisting third-party gaming projects to build in the ecosystem by supporting TON Play, the network's gaming infrastructure project, according to an announcement on Tuesday.
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Animoca declined to provide details on the terms of its investment when contacted by CoinDesk.
TON received the endorsement of Telegram as its blockchain of choice for Web3-related developments in September, giving potential TON-based projects a prospective target audience of the messaging app's 800 million users.
Read More: Animoca Brands Courts $50M Investment From Saudi Arabia's NEOM
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