Telegram Growth Hub Launch: $10M Fund to Boost TON Ecosystem

Key Points:

• Telegram Growth Hub Launch: OKX, TOP, and Folius Ventures introduce a $10M fund to support innovative projects within the TON ecosystem.
• Focus on TON Expansion: The Growth Hub will back projects in onboarding, trading capabilities, and mini-app development to boost user engagement on Telegram.

OKX, The Open Platform, and Folius Ventures launch a $10M Telegram Growth Hub to fund TON projects, drive user engagement, and expand Telegram’s mini-app ecosystem.

Telegram Growth Hub Launch: Boosting TON Ecosystem with $10M Fund

OKX Ventures, in conjunction with TOP and Folius Ventures, is launching the Telegram Growth Hub, a $10 million program to enhance the blockchain ecosystem at TON. With the rapid growth of the Telegram user base, the program seeks to fund projects that will enhance user engagement through innovative applications, educational tools, and sophisticated trading capabilities.

OKX has plans to further invest in the TON ecosystem toward mainstream adoption, supported by the addition of new functionalities that would meet the ever-growing needs of users on Telegram. It will grant selected projects the capital, mentorship, and resources needed, which includes OKX Connect for seamless wallet integration into the TON, and access to the top development tools available on TOP, including Tonkeeper and Ston.fi, to create a developer-friendly ecosystem.

A partnership of this nature with Standard Chartered in particular means that OKX will be at an institutional grade of security, making the digital space more accessible and appealing to institutional investors, according to OKX.

Read more: Pantera Capital TON Investment Is The Largest Fund Of The VC Company In Web3 Space

$10M Telegram Growth Hub to Drive Innovation in TON Blockchain

OKX, in conjunction with The Open Platform and Folius Ventures, has announced a $10 million Telegram Growth Hub in an effort to fund projects in space for the TON blockchain. The new hub is focused on three directions: user onboarding tools, advanced trading networks, and mini-apps development in a bid to drive further growth of the Telegram ecosystem through financial and technical support of emerging projects.

The initiative underlines OKX’s commitment to fostering projects capable of developing more user-friendly and engaging ways of interacting with TON. On top of that, selected projects receive additional developer resources including API tools and access to the Getgems NFT platform. Introductions to the crypto industry are provided through OKX, TOP, and Folius Ventures.

This strategic initiative confirms the huge potential for innovation within the Telegram ecosystem in particular: for instance, 2.5 million new users join Telegram every day. Submissions will remain open until November 29, 2024.