Today marked the launch of TON Ventures, a $40M venture capital fund created by the vision and experience of two former senior members of TON Foundation, Ian W. and Inal Kardanov.
Supported by a $40M fund, TON Ventures aims to foster innovation within the TON ecosystem by financing early-stage crypto projects, much like an incubator.
The driving force behind TON Ventures is a team of former TON Foundation members and experienced developers. Leading this initiative are Ian W., former director of TON Accelerator, and Inal Kardanov, former head of games at TON Foundation. Their past collaboration led to the success of Web3 games such as Catizen and Gatto, as well as the perpetual exchange Tradoor.
At its core, TON Ventures is not just about funding - it's about the future of building. It provides developers with the tools and infrastructure necessary to create applications with the potential for mass adoption and long-term sustainability. The focus is on consumer applications that leverage Telegram’s social features and TMA.
In addition to financial support, selected projects will benefit from the team’s extensive experience, global network, and proactive support. To enhance the chances of success even further, TON Ventures will provide access to Telegram advertising and exclusive growth opportunities within TON.
"TON and Telegram have created a paradigm shift for web3. With our deep experience in the ecosystem, we believe the highest leverage point is in capital allocation for TON. Now, we have the exciting opportunity to share our insights and strategies for thriving in the unique design space created by TON and Telegram, empowering a new generation of innovators and builders. By connecting visionary investors with cutting-edge projects, we aim to accelerate the growth of the TON ecosystem and foster groundbreaking advancements in decentralized technology", said Ian W., Managing Director of TON Ventures.
This development comes at a time of rapid growth for the TON ecosystem. In recent months, TON has surpassed Ethereum in terms of daily active users, and the total assets on the platform reached $1.14B in July compared to $71M at the beginning of the year.
The 2024 trend of clicker games has also contributed to this growth, attracting hundreds of millions of new users to the Web3 gaming space. An example of this is the astronomical success of the Notcoin game, which captivated 35 million players in just three months, distributing over 90% of its token supply to its dedicated community.
Moving forward, TON Ventures is set to play a key role in the expansion and success of the TON ecosystem. By connecting visionary investors with leading-edge projects, they are investing not just in technology, but in the future of decentralized innovations.
Coincidence or not, the TON price has responded to this event by rising to $7.2, though it has now returned to $6.9.
Your Ace Ventures @TonPost💰