Gate.io announced a strategic investment of $10 million in the TON blockchain. In collaboration with the TON Foundation, it seeks to accelerate the development of projects based on the Telegram messenger.
Gate.io is one of the leading cryptocurrency exchanges providing a platform for trading various digital assets.
This investment will deepen Gate.io's involvement in the TON blockchain and contribute to its ongoing development. It plans to launch new products, such as an official Telegram mini-app based on CeFi, and integrate Gate Wallet into Telegram to support and grow the TON ecosystem.
Gate Group is also actively participating in the Hackers League Hackathon, one of the largest hacking events of the year.
TON-based projects are becoming an important tool for mass adoption of the Telegram ecosystem, as it keeps expanding its capabilities for Web3 startups.
"The TON ecosystem holds strong potential due to its large Telegram user base and fast, low-cost blockchain technology," said Dr. Lin Han, founder and CEO of Gate.io
This makes TON an ideal platform for attracting Web3 applications and developers, with promising opportunities for large-scale user growth and network effects.
Let's take a look at the last few investments:
- $10M from DWF Labs
- $10M from Cypher Capital
- Animoca Brands
- Hashkey Group
- $300M from Pantera Capital
- $30M from Bitget and Foresight Ventures and others.
Your foresighted @TonPost