$40M Venture Fund Launched to Support Innovative Apps on TON Blockchain

TON blockchain has made a significant step forward with the launch of a new venture capital fund. This initiative, established by the network's development foundation, is an independent, non-profit entity. 

The fund has already secured 40 million dollars in capital already aimed at fostering the creation of consumer applications with broad appeal. 

The TON ecosystem has experienced a rapid surge in popularity driven by successful projects such as Hamster Combat and Notcoin. 

Earlier a famous digital investment firm platform Panthera Capital stated that it made the largest investment in its history when invested in TON. In April, Tether supported the platform with peer-to-peer payments between Telegram users.  

The ecosystem managed to attract millions of users with web3 games. It demonstrates the platform’s potential and the blockchain’s capability to support large-scale, engaging applications. Something tells me future projects on Ton will continue to surprise  us. With this new capital, the industry is set to see a wave of innovation,  pushing the boundaries of what blockchain can achieve. 


#TONBlockchain #VentureFund #Web3 #BlockchainInnovation #ConsumerApps #HamsterKombat #Notcoin #Tether #PantheraCapital

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