Mocaverse announces strategic cooperation with MOCA Foundation and TON Foundation

BlockBeats news, on July 22, according to the official announcement, Mocaverse under Animoca Brands announced a strategic partnership with MOCA Foundation and TON Foundation to implement a consumer network based on identity and reputation in the Moca Network and TON blockchain ecosystem.

At the same time as the strategic cooperation, MOCA Foundation and TON Foundation have executed a strategic basic level token exchange agreement to stimulate the development of the ecosystem as well as interoperability between users and projects in both ecosystems.

Mocaverse, MOCA Foundation, and TON Foundation will establish a steering committee to promote initiatives of partnership relationships and fund management for ecosystem growth.

The steering committee will use TONs and MOCAs obtained from token exchange agreements worth $20 million in total value to facilitate interaction among users. It also aims at promoting user growth into the TON ecosystem through PointFi system and guiding applications.