TON (The Open Network), the blockchain network for the web3 ecosystem in Telegram, has announced a new program aimed at supporting new projects.
What is TON Nest?
The TON blockchain team announced the introduction of TON Nest, a new program that aims to provide mentorship and support resources to early-stage projects on the network. Nest is an initiative of TON Society, a network of blockchain enthusiasts focused on accelerating TON’s ecosystem growth in Telegram. In a post on X on Aug. 16, the platform stated that the new program by the TON Society Worldwide would offer developers a chance to pitch projects, access workshops, and compete against other teams to win rewards. Participants can benefit from private and community-gated workshops and this builders-only community.
Growth of the TON Ecosystem
In April this year, the TON Society teamed up with artificial intelligence firm HumanCode on an identity verification project. The project provided a $5.9 million incentive program for TON Society members, with the objective of bringing web3 identity to the Telegram ecosystem. Telegram has increasingly become key to these initiatives, attracting users to the blockchain and crypto space with programs such as the Open League initiative launched in March 2023.
Impact of Telegram on Crypto Projects
With over 950 million monthly active users, Telegram presents a huge growth opportunity that has helped not just Toncoin, but projects such as Notcoin, Hamster Kombat, and Catizen.
The TON Nest program represents a significant step in supporting and developing new projects on the TON blockchain, promoting ecosystem growth and web3 integration within Telegram.
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