TLDR:
- TON ecosystem launches $40 million venture fund for consumer apps.
- TON’s native token, toncoin, has surged in price and market cap.
CoinDesk’s Jennifer Sanasie discusses the recent developments in the TON ecosystem, focusing on the newly launched $40 million venture fund aimed at investing in consumer apps. The ecosystem, originally started by messaging app Telegram, has seen significant growth with games like toncoin, hamster combat, and yescoin attracting users to web three. The venture fund, led by industry experts, aims to invest in early-stage consumer applications with mass appeal to make TON a staple in everyday digital life. While the $40 million investment could be a game changer for TON, its impact may not be immediate as it serves as a test for Blockchain adoption in mainstream applications via web two social platforms like Telegram.
