Crypto exchange Bitget and Singaporean investment firm Foresight Ventures are joining forces to launch a $20 million fund dedicated to the Telegram Open Network (TON) ecosystem. This fund aims to fuel innovation within TON, a platform that bridges the gap between blockchain technology and the widely used Telegram messenger.
The core focus of the $20 million TON Ecosystem Fund will be to bolster early-stage projects. By providing financial backing, the fund hopes to accelerate the growth of the TON landscape. This initiative comes on the heels of Bitget Wallet's recent launch of a support package designed specifically for the TON network.
This package targets connecting decentralized applications (dApps) within the TON ecosystem, further solidifying Bitget's presence in the burgeoning TON space. This isn't Bitget's first foray into the TON ecosystem. They previously introduced the Telegram Signal Bot, a tool streamlining direct trading signals across various trading communities, which enhances trading efficiency and convenience for users.
June 2024, Cryptoniteuae