The Open Network Foundation (TON Foundation) has announced a strategic alliance with Mantle Network, a
leading Ethereum Virtual Machine (EVM) Layer 2 solutions provider. This
agreement positions Mantle Network as a principal ally to TON Foundation
towards more interoperable EVM-compatible Layer 2 blockchain capabilities on
TON.
A
wrapped version of $MNT, $jMNT, is now accessible for trading and liquidity
provisions on STON.fi, a cross-chain decentralized exchange (DEX). This wrapped
token allows for easier interactions and integrations between Mantle and TON.
$jMNT also streamlines access for fluid and expansive trading capabilities
between networks.
This
comprehensive agreement goes beyond token integration as the two entities will
utilize the @community_bot, a Telegram-native toolset for communities, to serve
as an education and information distribution platform. This initiative will
connect users in Mantle’s Telegram channels and Mantle Ecosystem project
channels directly to TON’s thriving community on Telegram. By fostering mutual
information exchange and enhanced community interactions, both communities will
benefit while building a Web3 ecosystem in Telegram for the messaging
platform’s 800+ million monthly active users.
„This
initiative with Mantle Network bridges the gap between our communities,
establishing a more interconnected and interoperable Web3 ecosystem for
Telegram’s large user base, said Justin Hyun, Director of Growth at TON
Foundation. „Together, we are equipping users across both ecosystems with
the most simple cross-chain experience possible.”“We are thrilled to find a
common purpose with TON Foundation through a strong alliance that will allow
the core competency of each to shine and bring the greatest benefits to both
communities,” said Jordi Alexander, Chief Alchemist of Mantle. “As TON
Foundation’s principal ally towards advancing EVM-compatible Layer 2 blockchain
capabilities on TON, we will work hand in hand with TON to help realize the
vision of an interoperable multichain future that puts the users at the
center.”
About
TON Foundation
The Open
Network Foundation (https://ton.foundation/) is a non-profit organization
founded in Switzerland in 2023. TON Foundation is 100% funded by the community,
acting in the community’s interests, and supports initiatives aligned with The
Open Network’s mission.
About
The Open Network (TON)
The Open
Network (TON) is putting crypto in every pocket. By building a Web3 ecosystem
in Telegram Messenger, TON is giving billions the opportunity to own their
digital identity, data, and assets.
About
Mantle
Mantle Ecosystem
comprises an Ethereum layer 2 (L2) — Mantle Network, a decentralized autonomous
organization (DAO) — Mantle Governance, one of the largest on-chain treasuries
— Mantle Treasury, and an upcoming Ether (ETH) liquid staking product — Mantle
LSD: all built on Ethereum. Mantle token is the unified product and governance
token of the ecosystem. Mantle’s first core product is Mantle Network, an
Ethereum L2. Mantle Network strives to be compatible with the Ethereum Virtual
Machine. Mantle Network’s modular architecture separates transaction execution,
data availability, and transaction finality into modules — which can be
individually upgraded and adopt the latest innovations. Mantle Network is the
first L2 to partner with ETH restaking protocol EigenLayer for the data
availability module. By adopting a rollup architecture, Mantle Network is
secured by Ethereum. As the world’s first DAO-spawned L2, Mantle Network is
pioneering a vision for the mass adoption of token-governed technologies.
Mantle token ($MNT) powers Mantle Network as its native gas token and ecosystem
growth token, and serves as the governance token of Mantle Governance. All
future Mantle products will likewise be initiated by the Mantle token holder
community through vote and powered by Mantle token. To support the next
generation of innovators, builders, and developers, Mantle is growing its
ecosystem via Mantle Grants Program and Mantle EcoFund, a catalyzed capital
pool of $200M.
This article was written by FL Contributors at www.forexlive.com.