Animoca Brands Boosts TON Ecosystem by Increasing WATCoin Stake

Animoca Brands, a leading entity in the Web3 landscape, has revealed its plans to purchase more WATCoins from the open market. This decision highlights the firm’s resolve to enhance the TON ecosystem via its subsidiary GAMEE’s Telegram Mini App, WatBird, as stated by Animoca Brands.

Strategic Acquisition

WATCoin functions as the utility token for WatBird, a platform that enhances the TON ecosystem as a whole. By increasing its holdings in these tokens, Animoca Brands aims to strengthen its influence and support for the ecosystem. This strategic acquisition is in line with the company’s overarching goal of harnessing blockchain technology to provide digital property rights and contribute to the open metaverse.

About Animoca Brands

Recognized as a frontrunner in the blockchain and gaming industries, Animoca Brands has been acknowledged in various esteemed rankings, including Deloitte Tech Fast and Fortune Crypto 40. The company boasts a diverse range of blockchain-based games and products, partnering with renowned intellectual properties such as The Walking Dead and Power Rangers.

Among its key projects is Mocaverse, a dedicated platform aimed at elevating consumer interaction in the Web3 arena by facilitating a smooth experience through a single login entry point. Animoca Brands operates through a multitude of subsidiaries, including The Sandbox, Blowfish Studios, and GAMEE, and has built an impressive portfolio featuring over 540 Web3 investments.

Expanding Influence

The choice to enhance its ownership in WATCoin illustrates Animoca Brands’ continuous commitment to broadening its influence and operational capabilities within the Web3 and blockchain gaming sectors. This initiative is anticipated to fortify its standing and promote innovation across its diverse platforms and projects.

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