Called the Toncoin Fund, the initiative will become the first ecosystem fund dedicated entirely to supporting founders building on the open network.
- This growth saw participation from leading industry moguls such as Huobi Incubator, Kucoin Ventures, MEXC Pioneer Fund, TON Miners, 3Comas Capita and Kilo Fund.
- The TON Foundation will provide ecosystem funds and grants to selected projects.
- The funds will reportedly be deployed as projects are accepted and further incubated.
- Benjamin Rameau, Managing Partner of the Toncoin Fund, said:
Open networks offer tremendous opportunities for mass adoption of blockchain technology. Thanks to Telegram integration efforts by the community through in-app bots as well as native interface offerings, TON could become the first blockchain network accessible to millions of users. The TONcoin Fund is very excited to be the first decentralized exchange to support stablecoins, NFT projects and other dApps building on TON.
- According to a press release shared with crypto potatoes, The TON Foundation also has a roadmap for the development of the ecosystem, and will try to provide support in a decentralized manner.
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