TVMVentures
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TVM Ventures' 100 Million USD Fund: A Major Boost for the TON Ecosystem
🚀 TVM Ventures Invests 100 Million USD in TON, Boosting Layer-1 Development
The Open Network (TON) ecosystem just received a significant boost when #TVMVentures announced a 100 million USD investment fund to promote projects built on the TON blockchain. The goal of this fund is to help TON thrive on Layer-1 (L1), rather than relying on Layer-2 (L2) or side-chains.
💰 Why Does TON Need a 100 Million USD Fund?
According to Steve Yun, a council member #TONFoundation , if we don’t focus on developing L1, TON risks becoming a blockchain dependent on Ethereum, where projects only replicate old smart contracts. Therefore, TVM Ventures wants to support startups and businesses to develop directly on TON, rather than on L2 solutions.
The Open Network (TON) ecosystem just received a significant boost when #TVMVentures announced a 100 million USD investment fund to promote projects built on the TON blockchain. The goal of this fund is to help TON thrive on Layer-1 (L1), rather than relying on Layer-2 (L2) or side-chains.
💰 Why Does TON Need a 100 Million USD Fund?
According to Steve Yun, a council member #TONFoundation , if we don’t focus on developing L1, TON risks becoming a blockchain dependent on Ethereum, where projects only replicate old smart contracts. Therefore, TVM Ventures wants to support startups and businesses to develop directly on TON, rather than on L2 solutions.
TVM Ventures unveils $100M fund to expand TON blockchain as global financial network
#TVMVentures launches its inaugural fund, a $100M initiative aimed at expanding the #TON blockchain ecosystem into a global financial network. This fund focused on three key areas: #DeFi and infrastructure, cross-border payments and #PayFi, and security. TVM Ventures envisions TON becoming a leading global financial network, leveraging its integration with Telegram's extensive user base and its scalable blockchain architecture.
👉 tvm.ventures/press/tvm-ventures-launches-100-million-fund-to-expand-ton-blockchain-as-global-financial-network
#TVMVentures launches its inaugural fund, a $100M initiative aimed at expanding the #TON blockchain ecosystem into a global financial network. This fund focused on three key areas: #DeFi and infrastructure, cross-border payments and #PayFi, and security. TVM Ventures envisions TON becoming a leading global financial network, leveraging its integration with Telegram's extensive user base and its scalable blockchain architecture.
👉 tvm.ventures/press/tvm-ventures-launches-100-million-fund-to-expand-ton-blockchain-as-global-financial-network
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TVM Ventures has launched a $100 million fund to advance the development of the core layer of The Open Network (TON), with the goal of reducing reliance on L2s and driving mass adoption.
#ton #TVMVentures
#ton #TVMVentures
“Together with bold and brilliant founders, we will shape the future of TON and TVM.”
Steve Yum (former president of the TON Foundation and founder of TVM) expressed, as TVM Ventures launched a massive $100 million fund to support creators on the Telegram-linked blockchain.
#TVMVentures #TONBlockchain #Telegram
Steve Yum (former president of the TON Foundation and founder of TVM) expressed, as TVM Ventures launched a massive $100 million fund to support creators on the Telegram-linked blockchain.
#TVMVentures #TONBlockchain #Telegram
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