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Former Senior Members of TON Foundation Launch TON Ventures

Aug 20, 2024
  1. The Visionaries Behind TON Ventures
  2. Beyond Funding: Building the Future
  3. The Strategic Importance of TON's Integration with Telegram

Former senior members of the TON Foundation have announced the launch of TON Ventures, a $40 million fund aimed at supporting early-stage crypto projects within the TON ecosystem.

The Visionaries Behind TON Ventures

TON Ventures is led by Ian W., former Director of the TON Accelerator, and Inal K., former Gaming Lead at the TON Foundation. Both have been instrumental in developing successful TON-based Web3 games like Catizen and Gatto, as well as the perpetual exchange Tradoor.

We’re not just investing in projects; we’re building the future.Ian W., Managing Director of TON Ventures

Beyond Funding: Building the Future

The fund aims to empower founders with the tools, infrastructure, and support necessary to build applications capable of achieving mass adoption. As part of the team’s approach to investment, selected projects benefit from their global network, hands-on support, and growth opportunities offered by Telegram’s advertising channels and TON experiments.

The Strategic Importance of TON's Integration with Telegram

TON’s integration with Telegram offers a seamless entry point for millions of users into the blockchain space. This is particularly important for gaming, where TON’s scalable and efficient infrastructure can handle millions of transactions per second, crucial for real-time multiplayer experiences. Games like Notcoin, which attracted 35 million players in three months, and Hamster Kombat, demonstrate the potential of TON-based games to reach vast audiences quickly. This unique relationship with Telegram allows for easy in-game purchases and interactions, making mobile gaming more accessible to Telegram’s massive user base.

The launch of TON Ventures comes at a time of rapid growth for the TON ecosystem. In recent months, TON has surpassed Ethereum in daily active users, with total assets on the platform soaring from $71 million at the start of the year to $1.14 billion by July. The rise of tap-to-earn gaming in 2024 has played a significant role in this growth, drawing hundreds of millions of new users into the Web3 space.

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