TONcoin Fund Launches $250 Million Ecosystem Fund to Support TON-Based Development Projects

The TONcoin Fund announced the launch of a $250 million ecosystem fund to support projects based on The Open Network (TON). The fund's contributors included firms like Huobi Incubator, Kucoin Ventures, MEXC Pioneer Fund, 3Commas Capital, the blockchain startup Orbs, TON Miners and Kilo Fund. The fund aims to deploy funds through incubation, investment, grants, hackathons as well as educational programs as projects are accepted and incubated. Benjamin Rameau, managing partner of TONcoin Fund, said he is currently incubating a DEX and NFT project.
Source

Fund

Public Chain

In This Article

Related News
Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
Six Bitcoin Mutual Funds to Debut in Israel Next Week: Report Six Bitcoin Mutual Funds to Debut in Israel Next Week: Report
Fantasy.top announces V2 and $4.25 million seed funding from Dragonfly and Manifold Ventures Fantasy.top announces V2 and $4.25 million seed funding from Dragonfly and Manifold Ventures
BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high
Global crypto investment products see $321 million in net weekly inflows as rebound continues: CoinShares Global crypto investment products see $321 million in net weekly inflows as rebound continues: CoinShares
Latest News More More
7 Hours Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
3 Days Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
6 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open