TLDR:
- TON Ventures raises $40M fund to support early-stage crypto projects.
- TON Ventures will focus on consumer applications that leverage Telegram’s social graph.
TON Ventures, a for-profit venture capital group, has raised $40 million to support early-stage crypto projects. The group, led by former senior team members of TON Foundation, aims to connect investors and builders to opportunities in the TON blockchain ecosystem. This ecosystem supports blockchain apps on Telegram, a messaging service with over 900 million users which offers highly scalable infrastructure for real-time multiplayer gaming experiences. TON Ventures will focus on funding consumer applications that leverage Telegram’s social graph, mini apps, and infrastructure. Besides funding, selected projects will receive access to global resources, media support, and strategic partnerships to accelerate growth.
The formation of TON Ventures comes amidst the explosive growth of the TON ecosystem, surpassing Ethereum in daily active users and total assets used. Notably, tap-to-earn gaming has seen success in 2024, attracting millions of new users to web3 gaming. The venture aims to empower new innovators and builders within the TON ecosystem by connecting them with visionary investors and offering cutting-edge projects. TON’s focus on user-friendly services makes it a strong foundation for the future of decentralized gaming experiences.
Inal K, one of the TON Ventures co-founders, has experience working with successful TON web3 games like Catizen and Gatto, providing valuable insights into gaming success factors. With most new mini-apps on TON related to gaming, the venture sees significant potential for growth in this sector. Overall, TON Ventures seeks to foster groundbreaking advancements in decentralized technology while accelerating the growth of the TON ecosystem.
