OKX Ventures, The Open Platform, and Folius Ventures have announced the launch of the Telegram Growth Hub with a $10 million fund to support innovation within the The Open Network (TON) blockchain and expand Telegram's mini-app ecosystem.
Innovation on Telegram
The Telegram Growth Hub will focus on three key areas to enhance user experience and engagement:
- **User Onboarding and Educational Tools**: Supporting projects that create intuitive interfaces and educational materials. - **Trading Capabilities and Networks**: Developing on-chain trading functions like decentralized exchanges and NFT trading. - **Mini-App Ecosystem Expansion**: Promoting innovative mini-apps in gaming and entertainment on Telegram.
Comprehensive Support for Selected Projects
Projects selected for the Telegram Growth Hub will receive comprehensive support. This includes:
- **Funding for Talent Acquisition**: Teams can attract skilled professionals. - **Developer Resources**: OKX will provide a suite of tools including OKX Connect for wallet integration and other solutions. - **Mentorship and Networking**: Projects will receive guidance and marketing support from experts in OKX, TOP, and Folius Ventures.
Recent Developments in the TON Ecosystem
The launch of the Telegram Growth Hub follows recent investments in the TON ecosystem. Gate.io has invested $10 million in the blockchain to strengthen collaboration with the TON Foundation. Dr. Lin Han, Founder and CEO of Gate.io, highlighted the strong potential of the TON ecosystem due to its user base and fast technology. Additionally, Gate Group will participate in the TON Society's Hackers League hackathon with a prize pool of up to $2 million.
The Telegram Growth Hub initiative marks a significant step toward strengthening the TON ecosystem and attracting new developers and users.
