This investment further demonstrates OKX Ventures’ deep support for the TON ecosystem, after OKX Ventures just launched the “Telegram Growth Hub” with a total scale of US$10 million

< p style="text-align: left;">This $5 million investment aims to build a network of experienced developers to develop the best solutions for TON applications.

On December 10, 2024, OKX Ventures, the investment arm of OKX, the world's leading cryptoasset exchange and on-chain technology company, announced an investment of US$5 million in TON Ventures. . TON Ventures is a venture capital fund focused on accelerating the growth of The Open Network (TON) blockchain ecosystem. This investment aims to create a network of senior developers and promote the implementation of best practices in TON application development.

This initiative complements the $10 million Telegram Growth Hub launched by OKX Ventures in partnership with The Open Platform and Folius Ventures, focusing on improving technology Expertise and Development Standards. With direct reach to Telegram’s 950 million monthly active users, and successful mini-apps like Notcoin, OKX Racer, and Catizen, TON shows strong potential for mass adoption.

TON Ventures is led by former TON Foundation executives Ian Wittkopp (Head of Acceleration Program) and Inal Kardan (Head of Games), focusing on supporting the construction of TON-based Early consumer applications, focusing on decentralized finance, games, creator economy and infrastructure projects. The fund has achieved remarkable results in early investments, including supporting the development of platforms such as DeLabs and Goat Gaming, promoting the construction of creator economic infrastructure such as Memetics, and helping the Telegram community create a mini economic system. In addition, TON Ventures has invested in AI applications such as Grably, which uses TON and Telegram to obtain data to power AI models.

OKX Ventures Partner Jeff Ren said: “As one of TON’s early backers, our investment and partnership with TON Ventures further demonstrates our commitment to cultivating an ecosystem of veteran developers. The TON ecosystem needs experienced developers who not only master technical best practices but also understand the user experience requirements of Telegram’s native applications. This investment, along with our recent launch of the Telegram Growth Hub, reflects our long-term belief in TON’s potential to drive on-chain technology toward mainstream adoption. We look forward to working deeply with the founding team of TON Ventures, whose expertise in the ecosystem will be an important driving force in scaling the next generation of TON native applications. ”

TON Ventures partner Ian Wittkopp said: "The OKX Ventures team is one of the first supporters to recognize the core value of TON, which will transform Telegram's social network Combined with TON's blockchain technology, it is committed to creating a vibrant Web3 consumer application ecosystem, attracting millions of users to join. They have excelled in attracting top developers and providing financial support, driving the rapid growth of the TON ecosystem. We are very excited to deepen our collaboration with the OKX Ventures team and look forward to working closely together for many years to come. ”

TON Ventures has successfully raised $40 million in initial funding, led by founders Ian and Inal with their deep ecological expertise. The fund is typically for early-stage projects Offering investments of up to $500,000 while being flexible for larger investment opportunities, TON Ventures will focus on supporting the development of mid-core gaming experiences, expanding monetization tools for creators, and advancing TON. Further growth in the decentralized finance space

About OKX Ventures

OKX Ventures is a global The investment arm of OKX, a leading crypto asset exchange and Web3 technology company, focuses on discovering high-quality blockchain projects around the world, supporting cutting-edge technological innovation, promoting the healthy development of the blockchain industry, and investing in projects with long-term value. Ventures Committed to supporting entrepreneurs in the blockchain industry, helping them build innovative enterprises, and providing global resources and enrichment for projectsexperience.

About TON Ventures

TON Ventures is a leading venture capital firm focused on promoting Innovation in The Open Network (TON) ecosystem, supporting early-stage innovative startups built within the unique design space of TON and Telegram. TON Ventures provides financial investment, operational support, ecosystem expertise, and provides projects with access to top industry partners around the world. By fostering close collaboration between investors and projects, TON Ventures is committed to accelerating the large-scale adoption of decentralized technologies and empowering the next generation of Web3 entrepreneurs.