🥺Major players from Hong Kong have noticed TON's potential

Recently TON Foundation, in partnership with Future3 Campus, announced TON Bootcamp, an event that fosters the development of Telegram-based mini-applications in the TON Web3 ecosystem. The program lasts for five months and offers initial funding of up to $50 million for the top 15 participants.

Future3 Campus is a Web3 innovation incubation platform. Created by Wanxiang Blockchain Labs and HashKey Capital, it focuses on three main areas: mass adoption of Web3.0, DePIN and AI.

HashKey Capital Investment Fund has invested in more than 165 ventures in Web3 and established over 1,000 partnerships, including Coinbase Ventures, Binance Labs, Gate.io and others.

Hashkey Exchange is a centralized exchange founded in 2018 in Hong Kong. It has only 10 trading pairs at the moment and a 24-hour volume of around 300 million dollars. Hashkey was the first in Hong Kong to receive an exchange license.

The Chinese conglomerate Wanxiang Group, one of the country's largest auto parts manufacturers, is also among the founders of Futur3 Campus. It actively invests in blockchain through its own dedicated fund. Wanxiang Blockchain provides technologies, capital, and resources for industrial-scale development and business integration with the blockchain industry.

This partnership implies that The Open Network is entering into a direct cooperation with Hashkey, the most influential cryptocurrency leader in Hong Kong.

Why is this not advertised? The leadership of the People's Republic of China took a tough stance against virtual money. Cryptocurrencies and transactions with them are banned throughout the country.

In 2021, China banned investments in mining cryptocoins, and then mining activity as a whole. Under pressure from the authorities, WeChat messenger, popular in China and other Asian countries, shut down cryptocurrency groups. Any operations with non-fungible tokens are prohibited.

WeChat is a messaging app regulated by the state. Telegram is looking to do the exact opposite, emphasizing Web3 and TWA/TMA, supporting projects with grants and promotion in Telegram Ads, which also use TON blockchain technologies.

Speaking about Telegram's ambitions to outperform WeChat. Recently, it has partnered with the Chinese messenger, Tencent, allowing it to compete in the world of Web3 applications.

Will Telegram excel in the niche of mini-applications, create the first native Web3 ecosystem, and attract the promised 500 million users to TON? We will find out very soon 😎

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