KuCoin Ventures Invests $20,000 to Support the Expansion of the TON Ecosystem
In Brief
Recently, KuCoin Ventures revealed a $20,000 financial boost dedicated to TON, supporting its five mini-applications tailored to payment systems and gaming finance.
The investment division of cryptocurrency exchange KuCoin — KuCoin Ventures is set to contribute a $20,000 grant to the decentralized platform The Open Network (TON) as part of its ongoing initiatives. These funds will support five mini-applications developed on the TON platform that concentrate on payment solutions or gaming finance. GameFi .
The financial backing from KuCoin Ventures for TON will also nurture groundbreaking projects, developmental research endeavors, community engagement activities, and promotional efforts within the ecosystem. Initiatives like Future3 Campus and the TON Bootcamp will benefit from this support.
“With impactful initiatives such as the Future3 Campus Bootcamp and this backing from KuCoin Ventures, we are fostering authentic blockchain solutions that address payment and gaming needs within the TON ecosystem. The TON Foundation is thrilled as top-tier companies reinforce their dedication to nurturing the next wave of mini-app developers on TON,” stated Ian Wittkopp, the head of the Accelerator at TON Foundation.
KuCoin Ventures also reaffirmed its dedication to fostering collaborative partnerships between cryptocurrency exchanges and public blockchain networks.
TON Network Attracts Multiple Investments
Earlier this week, Animoca Brands, a firm specializing in Web3 investments, made a strategic investment in the network, becoming its most prominent validator. According to their announcement, the company intends to enhance TON’s gaming initiatives, such as TON Play, with the goal of launching Web3 games directly within Telegram.
Recently, TON secured funding from a subsidiary of the global cryptocurrency exchange MEXC, known as MEXC Ventures. Along with this investment, MEXC and the TON Foundation have initiated a strategic alliance aimed at enhancing global Web3 access by minimizing entry barriers.
With this new funding, the development of Web3 technologies within the TON network is poised to gain additional momentum, indicating a shift towards embracing decentralized and user-focused technologies that promote a more interconnected, transparent, and community-oriented digital ecosystem.
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