TONcoin Fund's $250 million ecosystem fund
TONcoin Fund launches its $250 million ecosystem fund supporting TON-based projects. Its contributors include Huobi Incubator, KuCoin Ventures, etc.
TON Foundation, the organization building on the Telegram-initiated blockchain project, plans to deploy funds through incubation, investment, grants, and hackathons. The funds are explicitly focused on Web3 developments and are now incubating a decentralized exchange and NFT projects.
TONcoin fund works closely with TON Foundation to help the TON blockchain reach its full potential. The executive of TONcoin Fund said TON has the potential to become the first blockchain network accessible to millions of users thanks to the Telegram integration. It would also be an excellent fit for creating blockchain solutions that people want to use. He added, "TON is not just a blockchain that people use on Telegram -it will define people's online identity and act as a bridge between Web3 and Web2 activities."
#TON #NFT #Web3
