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TON Ventures Launches $40 Million Fund for Early-Stage Crypto Projects

Aug 16, 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 launched TON Ventures, a $40 million fund aimed at fostering 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.

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. Selected projects benefit from their global network, hands-on support, and growth opportunities offered by Telegram's advertising channels and TON experiments.

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

The Strategic Importance of TON's Integration with Telegram

TON’s integration with Telegram is one of its advantages, offering a seamless entry point for millions of users into the blockchain space. This is crucial for gaming, where TON’s scalable and efficient infrastructure can handle millions of transactions per second, essential for real-time multiplayer experiences. Games like Hamster Kombat demonstrate the potential of TON-based games to reach vast audiences quickly.

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.

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