Animoca Brands Increases Stake in WATCoin to Boost TON Ecosystem

Animoca Brands, a prominent player in the Web3 space, has announced its intention to purchase additional WATCoins from the open market. This move underscores the company's commitment to enhancing the TON ecosystem through its subsidiary GAMEE's Telegram Mini App, WatBird, according to Animoca Brands.

Strategic Acquisition

WATCoin serves as the utility token for WatBird, a platform that supports the broader TON ecosystem. By acquiring more of these tokens, Animoca Brands aims to bolster its influence and support for the ecosystem. This strategic acquisition aligns with the company's broader mission of leveraging blockchain technology to deliver digital property rights and contribute to the open metaverse.

About Animoca Brands

Animoca Brands, recognized as a leader in the blockchain and gaming sectors, has been featured in several prestigious rankings, including Deloitte Tech Fast and Fortune Crypto 40. The company is known for its diverse portfolio of blockchain-based games and products, working with popular intellectual properties like The Walking Dead and Power Rangers.

Among its flagship projects is Mocaverse, a platform designed to enhance consumer engagement in the Web3 space, offering a seamless experience with a single login entry point. Animoca Brands operates through numerous subsidiaries, including The Sandbox, Blowfish Studios, and GAMEE, among others, and boasts an impressive portfolio of over 540 Web3 investments.

Expanding Influence

The decision to increase its holdings in WATCoin reflects Animoca Brands' ongoing efforts to expand its influence and operational scope within the Web3 and blockchain gaming industries. This move is expected to strengthen its position and foster innovation across its various platforms and ventures.