TON Foundation to Collaborate With Mantle Network to Advance EVM-Compatible L2 Solutions
The Open Network Foundation (TON Foundation) has formed a partnership with Mantle Network, an industry-leading provider of Layer 2 solutions for the Ethereum Virtual Machine (EVM). The partnership will see Mantle Network become TON Foundation’s primary ally in TON’s efforts towards expanding interoperable EVM-compatible Layer 2 blockchain capabilities.
What to expect from the partnership
Mantle Network and TON Foundation say that working together will help synergise each party’s strengths, resulting in maximum advantage for both parties. The two entities will work closely to realise TON Foundation’s user-centric vision of an interoperable multichain future by expanding EVM-compatible Layer 2 blockchain capabilities on TON Network.
Token integration is one of the first steps taken by TON and Mantle. STON.fi, a cross-chain decentralised exchange (DEX), now supports trading and liquidity provision using $jMNT, a wrapped version of $MNT, Mantle Network’s native token. The creation of the wrapped token ensures smooth interactions across Mantle and TON ecosystems. Additionally, the introduction of $jMNT enhances access to fluid and expansive trading opportunities between the networks.
However, there’s more beyond token integration. TON and Mantle Network have also established a framework for fusing interactions between their respective communities. The two entities have agreed to use @community_bot, a Telegram-native toolset for communities, as a communication and learning hub for users in both ecosystems.
Through this initiative, members of the Mantle and Mantle Ecosystem Telegram channels will have a common hub for interaction, while leveraging TON’s expansive Telegram community.
“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.
TON has built a strong community on Telegram, and has set its eyes on promoting Telegram as “an app for everything.” Both TON and Mantle Network will gain from increased information sharing and social interaction as they promote the Web3 ecosystem built on 800+ million monthly users on Telegram.