TON and Animoca brands wants to win over 1.6 billion people with $20 million bet – London Business News | Londonlovesbusiness.com

TON and Animoca Brands just announced a $20 million partnership that’s aiming to rope in a whopping 1.6 billion users. That’s a billion with a B.

Here’s what to know about the deal:

• TON and Animoca are teaming up with Moca Network and Moca Foundation
• They’re setting aside $20 million to fund hackathons, leagues, and accelerator programs
• There’s a token swap happening: 88,888,888 MOCA tokens for TON coins
• They’re gunning for Moca’s 700 million users and TON’s 900 million
• $MOCA’s price jumped 10% right after the news broke

“The $20 million they’re throwing at this isn’t chump change,” says Tobi Opeyemi Amure, an analyst at Stockoptionscalculator.com. “But when you’re talking about 1.6 billion potential users, it’s not exactly breaking the bank either.”

TON and Animoca aren’t exactly nobodies in the crypto world. TON’s been killing it with mini-games on Telegram. Ever heard of Hamster Kombat? It’s got 150 million users throwing digital rodents at each other. And Animoca? They’re the folks behind The Sandbox and a whole bunch of other Web3 projects.

But here’s where it gets interesting. This isn’t just about games. These folks are trying to build a whole “identity and reputation-based consumer network.”

Now, TON’s been on a bit of a roll lately. Their blockchain’s total value locked has doubled in just three weeks, hitting a cool $609.78 million.

But here’s the blocker. Getting people to adopt crypto isn’t like getting them to try a new flavour of Doritos. It’s complicated, it’s risky, and let’s face it: most folks still think that Bitcoin is something you use to buy illegal stuff on the dark web.

On the flip side, if anyone can pull this off, it might be these guys. TON’s already got a foot in the door with all those Telegram users, and Animoca knows a thing or two about making blockchain stuff that people actually want to use.