TON Foundation and Mantle Network Join Forces to Boost L2

• TON Foundation and Mantle Network inks partnership to drive EVM compatibility.
• This is one of many partnerships TON has inked in recent times to boost its ecosystem growth.

Mantle Network has announced a new strategic partnership with The Open Network (TON), a decentralized and open network that allows users to own their digital identity, data, and assets. The alliance is billed to drive the promotion of more interoperable Ethereum Virtual Machine (EVM)-compatible Layer 2 capabilities on TON. 

Mantle Network is now TON Foundation’s principal partner towards advancing EVM compatibility in its bid to expand its ecosystem reach.

Moreover, the alliance is targeted towards assisting Mantle Network in reaching its goal of becoming one of the pioneers in expanding the interoperability of EVM-compatible on TON. At the same time, it also makes provision for both entities to shine in terms of their core competencies and bring the greatest benefits to both communities, per a Mantle Network blog post.

Jordi Alexander, the Chief Alchemist of Mantle highlighted the firm’s excitement in finding a common purpose with TON Foundation. 

As part of the terms of the agreement of the partnership, Mantle Network users can now access $jMNT, a wrapped version of $MNT, to trade and provide liquidity on cross-chain Decentralized Exchange (DEX) STON.fi. Markedly, this wrapped token will serve as a bridge between Mantle and TON protocol. Precisely, it will facilitate easy integrations and interactions as well as provide access for fluid and expansive trading capabilities between assets resident on both networks. 

In the long run, this is bound to cause a surge in the volume of new use cases as well as user engagement. The collaboration equally transcends token integration, to the utilization of community_bot where users can be sensitized further. The bot will be a Telegram-native toolset with the core objective of providing users with a platform where they can access educational and informative resources.

Also, this community_bot will open up a single platform where users in Mantle’s Telegram channels and Mantle’s Ecosystem project channels can interact directly with TON’s thriving community. 

“Mantle Network is committed to providing an enhanced user experience through the exchange of web3 resources, information and knowledge across communities with the help of a Telegram bot @community_bot,” the EVM L2 solution provider noted.

TON Inks Multiple Partnerships to Build Web3.0

Justin Hyun, Director of Growth at TON Foundation acknowledged that the alliance is strategic as it bridges the gap between both communities. He talked about the fact that it establishes a more interconnected and interoperable Web3.0 ecosystem for Telegram’s large user base. 

This one of the recent alliance which the TON Foundation has bagged in the past few months. Last month, TON partnered with Chainbase and Tencent Cloud to simplify blockchain development. This was around the time when the Foundation was ushering in the next era of Web3.0 mass adoption through its technology across the Asia-Pacific region. 

In May, TON announced a strategic partnership with DWF Labs, a global digital asset market maker, and Amazon Web Services (AWS) to launch a competitive hackathon dubbed Hack-a-TON x DWF Labs x AWS. The move was targeted as bootstrapping the TON ecosystem moving forward.

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