{"id":195230,"date":"2023-10-25T11:39:22","date_gmt":"2023-10-25T11:39:22","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=195230"},"modified":"2023-10-25T11:39:22","modified_gmt":"2023-10-25T11:39:22","slug":"ton-foundation-and-mantle-network-form-strategic-alliance-advancing-evm-compatible-layer-2-blockchain-solutions","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/ton-foundation-and-mantle-network-form-strategic-alliance-advancing-evm-compatible-layer-2-blockchain-solutions\/","title":{"rendered":"TON Foundation and Mantle Network Form Strategic Alliance, Advancing EVM-Compatible Layer 2 Blockchain Solutions"},"content":{"rendered":"<p><strong>Zug, Switzerland, October 25th, 2023, Chainwire<\/strong><\/p>\n<p>Today, The Open Network Foundation (TON Foundation) 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.<\/p>\n<p>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.<\/p>\n<p>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\u2019s Telegram channels and Mantle Ecosystem project channels directly to TON\u2019s 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\u2019s 800+ million monthly active users.<\/p>\n<p>\u201cThis initiative with Mantle Network bridges the gap between our communities, establishing a more interconnected and interoperable Web3 ecosystem for Telegram\u2019s large user base, said Justin Hyun, Director of Growth at TON Foundation. \u201cTogether, we are equipping users across both ecosystems with the most simple cross-chain experience possible.\u201d<\/p>\n<p>\u201cWe 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,\u201d said Jordi Alexander, Chief Alchemist of Mantle. \u201cAs TON Foundation\u2019s 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.\u201d<\/p>\n<p><strong>About TON Foundation<\/strong><\/p>\n<p>The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. TON Foundation is 100% funded by the community, acting in the community\u2019s interests, and supports initiatives aligned with The Open Network\u2019s mission. Learn more at\u00a0https:\/\/ton.foundation.<\/p>\n<p><strong>About The Open Network (TON)<\/strong><\/p>\n<p>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. See more at\u00a0https:\/\/ton.org\/.<\/p>\n<p><strong>About Mantle<\/strong><\/p>\n<p>Mantle\u00a0Ecosystem comprises an Ethereum layer 2 (L2) \u2014 Mantle Network, a decentralized autonomous organization (DAO) \u2014 Mantle Governance, one of the largest on-chain treasuries \u2014 Mantle Treasury, and an upcoming Ether (ETH) liquid staking product \u2014 Mantle LSD: all built on Ethereum. Mantle token is the unified product and governance token of the ecosystem. Mantle\u2019s first core product is Mantle Network, an Ethereum L2. <\/p>\n<p>Mantle Network strives to be compatible with the Ethereum Virtual Machine. Mantle Network\u2019s modular architecture separates transaction execution, data availability, and transaction finality into modules \u2014 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. <\/p>\n<p>As the world\u2019s first DAO-spawned L2, Mantle Network is pioneering a vision for the mass adoption of token-governed technologies.\u00a0Mantle 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.<\/p>\n<p>For more information, please visit<\/p>\n<p>Website\u00a0|\u00a0X\/Twitter\u00a0|\u00a0Devs X\/Twitter\u00a0|\u00a0Discord\u00a0|\u00a0Telegram\u00a0|\u00a0YouTube\u00a0|\u00a0Blog\u00a0|\u00a0GitHub<\/p>\n<h5>Contact<\/h5>\n<p><strong>TON Foundation<\/strong><br \/><strong>[email&#160;protected]<\/strong><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2023\/10\/ton-foundation-and-mantle-network-form-strategic-alliance-advancing-evm-compatible-layer-2-blockchain-solutions\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zug, Switzerland, October 25th, 2023, Chainwire Today, The Open Network Foundation (TON Foundation) announced a&#8230;<\/p>\n","protected":false},"author":4,"featured_media":195229,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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