The TON Foundation has announced a $400M token-based funding round aimed at expanding its ecosystem and integrating Web3 solutions, leveraging Telegram's vast user base.
Funding and Investments
The TON Foundation is securing funds from major investors like Sequoia Capital, Ribbit, Benchmark, Kingsway, Vy Capital, and Draper Associates. This allows the foundation to develop programs and investments for TON Chain-based startups.
Growth Strategy with Telegram
Telegram, with over 1 billion active users, is seen as a key factor for Web3 adoption on TON Chain. The focus will be on integrating with the app and engaging users through tools such as TON tokens and NFTs.
Future Plans
By 2028, TON Foundation plans to onboard up to 30% of Telegram users to the Web3 platform. Plans include expanding functionality through mini-games, DeFi projects, and real-world payment solutions. Over 166M TON tokens will enter the market by the end of the year.
With the new $400M investments, the TON Foundation aims to significantly expand its ecosystem, leveraging Telegram's large user base, supporting Web3 solution integration, and exploiting all available opportunities for their implementation.
