TON Ventures Announces $2.5M Investment Opportunities for Start-ups via TONProgram

TON Ventures’ New TONPortal to Support Early-Stage Projects with $40M Fund

TON Ventures– TON Ventures, following the recent establishment of a $40 million fund for early-stage projects, has introduced a new initiative aimed at accelerating innovation in The Open Network (TON). The launch of TONmarks a significant step forward in supporting promising start-ups within the TON ecosystem.

TON’s Rapid Growth: A Surge in TVL and User Adoption

Since January 2024, TON has experienced explosive growth, with its Total Value Locked (TVL) skyrocketing from $13.5 million to an impressive $566.21 million as of August 16. This surge reflects the platform’s expanding user base and increased daily active addresses, surpassing Ethereum in both metrics. With access to Telegram’s vast user base of 950 million monthly active users, TON offers developers unparalleled opportunities for growth and visibility.

Introducing TON:Acc: A Game-Changing Incubation Program

The newly launched TONincubation program is designed to propel early-stage projects within the TON ecosystem. The inaugural cohort will consist of five selected projects, each receiving up to $2.5 million in investment. Over the next three months, these projects will benefit from dedicated support, funding, and expert guidance to transform their concepts into fully operational products.

Sophia Rusconi, Head of TON Accelerator, emphasized the potential of Telegram as a distribution channel, stating, TON Blockchain’s growth so far this year has only shown a tiny percentage of Telegram’s potential. TONwill provide projects with a clear route to market, essential funding, and the expertise needed to become major players in the TON ecosystem.

TONPortal: Enhancing Access and Support for Early-Stage Projects

To further support the incubation program, TON Ventures is launching the TONPortal, a comprehensive ecosystem incubation platform. This portal will offer a range of features to enhance early-stage projects’ access to resources, mentorship, and investor networks. It aims to streamline the process for projects seeking verification and integration into the TON ecosystem.

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