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.