TON Ventures, launched by former executives of the TON Foundation, initiates a $40 million fund.
Powered by ChatGPTDeep Tide TechFlow News, The Open Network Ventures ($TON Ventures for short), a new venture capital company founded by former senior members of the $TON Foundation, officially announced the launch of a $40 million fund to support early-stage crypto projects within the $TON ecosystem.
$TON Ventures will focus on consumer applications using the Telegram social platform, including Telegram mini-programs. In addition to providing financial support, selected projects will also receive resources such as Telegram advertising, media support, strategic partnerships, and more.
$TON Ventures is led by former $TON Accelerator Director Ian Wittkopp and former $TON Foundation Gaming Lead Inal Kardan.
It is worth noting that the $TON core team recently collaborated with Tonkeeper to launch the W5 smart wallet standard, supporting gas-free transactions on the $TON blockchain, further reducing the barriers for users to enter the $TON ecosystem.