TLDR:
- Bing Ventures, a venture capital and research firm affiliated with BingX, announced support for The Open Network (TON) ecosystem.
- TON is a Layer 1 network designed by Telegram and continued by the open-source community, offering speed, scalability, and unique features.
Bing Ventures, a venture capital and research firm affiliated with crypto exchange BingX, announced comprehensive support for The Open Network (TON) ecosystem. TON, originally designed by Telegram and continued by the open-source community, is a Layer 1 network that offers speed, scalability, unique features, and versatility for various applications.
Bruce Lan, General Partner of Bing Ventures, expressed belief in TON leading the charge in achieving mass adoption for Web3. The firm will invest in innovative teams and projects leveraging TON’s advantages and provide fundraising assistance, mentorship, and more through its capabilities and network.
Bing Ventures will also contribute to TON accelerators with research-based mentorships, training, and project advisories. Additionally, the firm plans to host educational events worldwide to support founders and entrepreneurs in the TON ecosystem as well as the broader crypto space.
As part of the initiative, BingX, a leading centralized crypto exchange, will support TON projects through token listing, liquidity provision, custom integration, and awareness campaigns to enhance accessibility. Bing Ventures joins other institutional investors and organizations like Animoca Brands and Pantera Capital in voicing support for the blockchain.
At the time of the press release, TON’s Total Value Locked had surpassed $500 million, showing significant growth from previous figures. Bing Ventures, founded in 2021, aims to support transformative blockchain and crypto ventures while driving innovation in the sector.
