KEY TAKEAWAYS
- TON Ventures secures a $5 million investment to enhance developer practices within the TON blockchain ecosystem.
- The investment supports the $10 Million Telegram Growth Hub, aiming to leverage Telegram’s vast user base for TON application development.
- TON Ventures focuses on early-stage consumer applications, emphasizing decentralized finance, gaming, and creator economy projects.
- The initiative highlights a commitment to fostering a robust ecosystem for Telegram-native applications, driving mainstream adoption of onchain technologies.
TON Ventures, a venture capital fund focused on The Open Network (TON) blockchain ecosystem, has received a $5 million investment. This funding aims to establish a network of experienced developers to enhance best practices for TON applications.
The investment complements the recently launched $10 Million Telegram Growth Hub, which was created in partnership with The Open Platform and Folius Ventures. The Growth Hub focuses on technical expertise and development standards, leveraging Telegram’s extensive user base of 950 million monthly active users. Successful mini-apps like Notcoin, OKX Racer, and Catizen highlight TON’s potential for widespread adoption.
TON Ventures is led by former TON Foundation executives Ian Wittkopp and Inal Kardan. The fund primarily supports early-stage consumer applications on TON, with an emphasis on decentralized finance, gaming, creator economy, and infrastructure projects. Early successes include backing platforms like DeLabs and Goat Gaming, as well as creator economy infrastructure such as Memetics, which enables Telegram communities to build mini-economies. Additionally, AI applications like Grably leverage TON and Telegram to source data for AI models.
The investment in TON Ventures underscores a commitment to fostering a robust ecosystem of skilled developers. The focus is on technical best practices and user experience for Telegram-native applications. This initiative, alongside the Telegram Growth Hub, reflects a long-term belief in TON’s potential to drive mainstream adoption of onchain technologies.
TON Ventures has secured $40 million in initial funding and typically invests up to $500,000 in early-stage projects, with flexibility for larger opportunities. In the coming months, the fund plans to support midcore gaming experiences, expand monetization tools for creators, and continue growing the decentralized finance sector on TON.
For more information, visit the official announcement here.
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