Blockchain
Blockchain Applications

The Open Network Foundation (TON Foundation) has formed a strategic alliance with Mantle Network, an 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 decentralised 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 utilise 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.

Justin Hyun, director of Growth at TON Foundation, said: “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.

“Together, we are equipping users across both ecosystems with the most simple cross-chain experience possible.”

Jordi Alexander, chief alchemist of Mantle, said: “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.

“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 realise the vision of an interoperable multichain future that puts the users at the center.”