TON Ventures, a newly established venture capital firm, has launched with a substantial $40 million fund to support early-stage blockchain projects within the TON ecosystem. Led by former senior team members from the TON Foundation, this initiative aims to accelerate the growth and development of the TON ecosystem through comprehensive support, including financial backing, infrastructure, and expertise.

The focus of TON Ventures is on consumer applications that leverage Telegram's social features and Telegram Mini Apps (TMAs), aligning with the current trends in blockchain adoption. By tapping into Telegram's massive user base, TON Ventures seeks to bring blockchain technology to a wider audience.

The timing of this launch is particularly advantageous, as the @Ton Network ecosystem has been experiencing rapid growth, surpassing Ethereum in daily active users. The total assets in use on the platform have skyrocketed, demonstrating the immense potential for innovative projects. TON Ventures' commitment to supporting such projects could lead to the emergence of more success stories, solidifying TON's position in the blockchain space.

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https://x.com/Josef_zich/status/1827812189899825566