A Collaborative $30 Million Investment in TON by Bitget and Foresight Ventures to Accelerate the Development of Telegram-Linked Projects.

Cryptocurrency exchange Bitget and Web3 investment firm Foresight Ventures The firms have disclosed a strategic injection of $30 million into the TON blockchain. The funds are earmarked for acquiring TON tokens and aim to spur the growth of exciting concepts like Tap-to-Earn, GameFi, and other burgeoning trends within the TON ecosystem. The Open Network Gracy Chen, CEO of Bitget, stated in a press release, 'As we expand our initiatives aligned with The Open Network, collaborating with the TON blockchain offers a robust foundation for our projects.' She emphasized how merging our crypto infrastructure knowledge with TON's decentralized design ideally positions us to enhance innovative solutions and products. 'Together, we are bringing the crypto sphere closer to widespread acceptance like never before,' she concluded.

The projects within the TON framework create a strong use case for Telegram's ecosystem, which has seen impressive growth as it diversifies its Web3 offerings. A recent Bitget Research report indicates that the TON blockchain, amplified by Telegram's 900 million users, has rapidly become one of the fastest-growing blockchains in 2024, recording over tenfold increases in on-chain transactions, total value locked (TVL), and decentralized exchange trading volumes, which has lent popularity to dApps like Catizen, DOGS, and Tomarket that have drawn millions of users.

This progress coincides with significant growth in Bitget’s user population. By focusing on ecosystem enhancement and service expansion, Bitget's global user count soared to 45 million in Q3 2024, doubling over the previous year thanks in part to increasing interest in innovative projects, especially those fueled by platforms like TON. Telegram With this $30 million venture, Bitget and Foresight Ventures plan to actively participate in the governance and future development of the TON blockchain, striving to nurture and ensure the market success of more impactful dApps on the platform.

This investment in the TON blockchain Bitget Unveils a $20 Million TON Ecosystem Fund in Collaboration with Foresight Ventures and Teams Up with Tomarket to Foster Blockchain Innovation.

Bitget, a prominent derivatives exchange renowned for its high trading volumes and a community of over 19 million users, has recently partnered with Foresight Ventures to set up a $20 million TON Ecosystem Fund designed to fuel early-stage projects within the TON community.

In addition, they've forged a partnership with Tomarket, a decentralized trading platform that facilitates the exchange of diverse assets including real-world assets (RWAs), cryptocurrency bond yields, loyalty points, and tokens in pre-circulation.

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