Yat Siu, co-founder and executive chairman of Animoca Brands. (Shutterstock/CoinDesk)

Animoca Brands Invests in TON Network, Becomes Largest Validator

Summary

Hong Kong-based venture capital firm, Animoca Brands, has invested in the TON ecosystem and has become the largest validator on the TON blockchain. Animoca Brands is working on third-party gaming projects within the ecosystem and supporting TON Play, a gaming infrastructure project. Although the details of the investment have not been disclosed, TON was chosen by Telegram as its blockchain for Web3-related developments. This endorsement gives potential TON-based projects access to Telegram's 800 million users.