- Strategic Collaboration: TON Foundation and Mantle Network join forces to enhance EVM-compatible Layer 2 blockchain capabilities on TON, fostering interoperability and connectivity.
- Token Integration and Community Building: The partnership introduces $jMNT for seamless trading and liquidity, alongside utilizing Telegram-native tools for community engagement and education across both ecosystems.
Unveiling a New Era of Blockchain Capabilities
In a significant move within the blockchain industry, The Open Network Foundation (TON Foundation) and Mantle Network have announced their strategic partnership, aimed at advancing Ethereum Virtual Machine (EVM) compatible Layer 2 blockchain solutions on TON. This alliance positions Mantle Network as a key player in TON’s ecosystem, marking a milestone in the journey towards interoperability and seamless blockchain functionality.
Token Integration and Liquidity Provisions
As a part of this alliance, a wrapped version of Mantle’s native token, $MNT, named $jMNT, has been introduced. This token is now available for trading and liquidity provisions on STON.fi, a cross-chain decentralized exchange (DEX). The introduction of $jMNT is a strategic move, simplifying the integration between Mantle and TON, and enhancing trading capabilities across networks, ensuring a smoother and more expansive experience for users.
Beyond token integration, the partnership extends to community engagement and education. Utilizing @community_bot, a Telegram-native set of tools, the alliance aims to bridge the information gap between Mantle’s Telegram channels, Mantle Ecosystem project channels, and TON’s thriving community. This initiative promises a stronger, interconnected Web3 ecosystem, taking advantage of Telegram’s extensive user base, which exceeds 800 million monthly active users.
A Commitment to Growth and Interoperability
Justin Hyun, Director of Growth at TON Foundation, highlighted the significance of this partnership, stating,
“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.”
Echoing this sentiment, Jordi Alexander, Chief Alchemist of Mantle, expressed enthusiasm for the collaboration, emphasizing the shared vision and commitment to advancing EVM-compatible Layer 2 blockchain capabilities on TON.
Empowering the Blockchain Ecosystem
The TON Foundation, established in 2023, is a non-profit organization based in Switzerland, committed to supporting initiatives that align with The Open Network’s mission, with funding sourced entirely from the community. Mantle Network, on the other hand, is part of the broader Mantle Ecosystem, comprising various entities including Mantle Governance and Mantle Treasury, all built on Ethereum and geared towards fostering the adoption of token-governed technologies.
This alliance marks a pivotal moment in the blockchain industry, as TON Foundation and Mantle Network come together to pave the way for a more interconnected, interoperable, and user-centric blockchain future.