🚀 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.



This fund will focus on three important areas:


✅ Decentralized financial infrastructure (DeFi): Supporting protocols that allow users to store, save, and trade crypto like traditional banks.


✅ Cross-border payments: Solving the issue of international money transfers faster and at a lower cost.


✅ Blockchain security: Collaborating with security auditing firms to ensure the safety of the ecosystem $TON .



🔗 TON Is at a Critical Crossroads



TON has been developed since 2021, aiming to bring 500 million users into Web3. Although Telegram has transferred development rights to the community due to legal concerns, the relationship between Telegram and TON is becoming increasingly close.



Some applications on TON have attracted hundreds of millions of Telegram users, notably:


🎮 TON Wallet: A crypto wallet integrated within Telegram.


🎮 Hamster Combat, Notcoin, Catizen: Tap-to-earn games are booming.



However, TON needs a stronger blockchain to serve users better. Building on Layer-1 provides higher security and avoids liquidity fragmentation, rather than relying on L2.



🚦 "TON is at a critical crossroads," Steve Yun emphasized. "We choose to develop on Layer-1."



📢 In Summary


• TVM Ventures launches a 100 million USD fund to develop projects on TON's Layer-1.


• Focusing on three main areas: DeFi, cross-border payments, and blockchain security.


• TON and Telegram are becoming more intertwined, with hundreds of millions of users from applications on the network.


• TON will not depend on Layer-2, but will develop strongly on its own blockchain.



🔹 What do you think about this strategy? Can TON break through to become a leading blockchain? 🚀 #anhbacong