Kucoin Ventures Backed Ton Blockchain

Published on: 06.12.2023
Kucoin Ventures Backed Ton Blockchain

Kucoin Ventures backed Ton Blockchain, a global, decentralized blockchain community with a mission to bring crypto to every pocket. By building the Web3 ecosystem in Telegram Messenger, TON aims to empower 500 million users to own their digital identity, data, and assets by 2028. 

KuCoin Ventures, the investment division of KuCoin Exchange, has entered into a strategic partnership with the TON Foundation. This partnership not only reaffirms their dedication to the advancement of the TON ecosystem but also marks a new phase of collaboration between exchanges and public chains.

KuCoin Ventures to Bolster TON Ecosystem with Grant

KuCoin Ventures is poised to make a significant impact in the world of blockchain technology by providing a substantial grant. This grant aims to support the growth and expansion of the TON ecosystem. Specifically, the funding will be directed towards five TON-based mini-apps that focus on GameFi or payments. This infusion of funds will enable these initiatives to push the boundaries of what is achievable in Web3.

The grant will also empower various initiatives within the TON ecosystem, including the Future3 Campus and the TON Bootcamp. By fueling innovative projects, research and development efforts, community-building activities, and marketing initiatives, the TON blockchain is primed to become a leading force in the world of blockchain technology.

Today’s partnership with KuCoin Ventures is an acceleration point in the momentum of mini-app development on The Open Network. With powerful programs like the Future3 Campus Bootcamp and this support from KuCoin Ventures, we’re fueling real-world blockchain solutions in payments and gaming within the TON ecosystem. KuCoin Ventures’ efforts perfectly align with TON’s vision of a more accessible and decentralized digital future for everyone.“— Ian W., Accelerator Head at TON Foundation

We are thrilled to partner with the TON Foundation to support the growth and development of the TON ecosystem. We believe that the TON blockchain has immense potential to revolutionize the blockchain industry, and we are committed to contributing to its success. This strategic alliance aligns with our mission of promoting further development of the crypto and blockchain industry through tighter cooperation. We believe this signifies a fresh synergy between exchanges and the blockchain landscape, and we aspire that this joint effort will serve as a motivating example, spurring further similar ventures.“— Alicia Kao, Managing Director of KuCoin

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