Animoca Brands Invests in TON Network, Becomes Largest Validator

November 28, 2023
The Last Cryptocurency
CoinDesk Feed
CoinDesk Feed

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.

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.

Edited by Sheldon Reback.

The bitcoin hashrate has surpassed 700 EH/s for the first time, marking a 6% increase over the past seven days. Bitcoin's hashprice briefly went above $50 PH/s, a two-month high, as mining profitability increased driven by a spike in transaction fees and a surge in bitcoin's price. 01:31 Bitcoin ETFs Are "Trojan Horse for Adoption":

CoinDesk 20 Performance Update: Index Gains 1.2% With BCH and ETC Leading

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated . CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023 , CoinDesk was acquired by the Bullish group, owner of

Blockchain Startup Founded By Deloitte Vets Unveils Supply Chain Platform

A blockchain startup headed by a group of former Deloitte employees is launching a new supply chain platform. Citizens Reserve announced the SUKU ecosystem on Wednesday, positioning it as "an industry agnostic supply chain solution" that seeks to improve how shipments are coordinated and tracked around the world. As far as technology goes, SUKU will…

The Last Time Volatility Was This Low Bitcoin Went On to Rally By $2K

Jun 23, 2020 at 12:40 UTCFor the fifth straight week, bitcoin is locked in a low-volatility squeeze similar to one seen ahead of a sudden $2,350 rally in October 2019. While the cryptocurrency has leapt over 4% in the past 24 hours, prices still remain trapped between $9,000 and $10,000. In fact, the top cryptocurrency…

Floki Price Surges 100% as Burn Proposal Passes

The price of dog-themed token floki (FLOKI) surged by more than 100% in the past 24 hours as a proposal to burn 2% of the token’s supply was passed by the community, proposal data shows.Nearly 90% of votes favored the burn, with the top voter staking 117 billion tokens. The event is expected to occur

Bitcoin Spurs 5th Consecutive Week of Outflows at Crypto Investment Funds: CoinShares

Digital asset investment products have witnessed outflows for the fifth consecutive week as bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has traded down in May.Outflows last week came to $32 million, pushing the total during the streak to $232 million, according to a report from CoinShares. Investors withdrew $33 million from bitcoin products…

Near Token Rallies Amid Nym Partnership, Ahead of Nearcon Conference

NEAR, the native token of the layer 1 Near Protocol, rallied on Wednesday as it announced a partnership with Nym Technologies.NEAR has gained 11% over the past 24 hours, largely outperforming the rest of the crypto market. Solana’s SOL was the only token to gain substantial ground on Wednesday, up 10%, at the press time.

IBM Blockchain to Offer Decentralized Smart Contract Option

May 12, 2020 at 08:00 UTCIBM is upgrading its enterprise blockchain solution to provide clients with a new decentralized governance option that will allow transaction parties to propose and amend smart contract parameters.The blue-chip IT firm said last week that the IBM Blockchain Platform would carry over the changes in Hyperledger Fabric 2.0 – its…

Ethereum Developers Delay Berlin Hard Fork to Stem Client Centralization Concerns

Jun 30, 2020 at 16:28 UTCUpdated Jun 30, 2020 at 16:44 UTCBundestag, Berlin, Germany (Ricardo Gomez Angel/Unsplash)Ethereum Developers Delay Berlin Hard Fork to Stem Client Centralization ConcernsSo many users are dependent on Ethereum client Geth that a bug could temporarily freeze the network – something blockchains aren’t supposed to do, ever. In light of this,…

Share this: