{"id":43023,"date":"2024-12-10T13:47:10","date_gmt":"2024-12-10T13:47:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/okx-ventures-boosts-ton-ecosystem-with-5m-investment\/"},"modified":"2024-12-10T13:47:10","modified_gmt":"2024-12-10T13:47:10","slug":"okx-ventures-boosts-ton-ecosystem-with-5m-investment","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/okx-ventures-boosts-ton-ecosystem-with-5m-investment\/","title":{"rendered":"OKX Ventures boosts TON ecosystem with $5m investment"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/toncoin-ton-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/toncoin-ton-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/toncoin-ton-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/toncoin-ton-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>OKX Ventures\u2019 investment adds to the recently launched $10 million Telegram Growth Hub.<\/li>\n<li>The $5 million investment in TON Ventures targets growth for Telegram-powered apps on TON blockchain.<\/li>\n<\/ul>\n<p>OKX Ventures, the investment arm of global crypto exchange OKX, has invested $5 million in TON Ventures to bolster the development of Telegram-powered TON applications.<\/p>\n<p>The OKX Ventures team <a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/12\/10\/2994219\/0\/en\/OKX-Ventures-Invests-5-Million-in-TON-Ventures-Powering-Next-Wave-of-Telegram-Native-Apps.html\" target=\"_blank\" rel=\"noopener\">announced<\/a> the investment in The Open Network blockchain\u2019s dedicated venture capital fund on Dec. 10. Per the announcement, the investment will go into efforts to accelerate the TON ecosystem\u2019s developer ecosystem.<\/p>\n<p>\u201cThis investment, alongside our recently launched Telegram Growth Hub, demonstrates our long-term conviction in TON\u2019s potential to drive mainstream adoption of onchain technologies. We\u2019re excited to work closely with TON Ventures\u2019 founding team, whose deep ecosystem expertise will be invaluable in scaling the next generation of TON-native applications,\u201d OKX Ventures partner Jeff Ren noted.<\/p>\n<p>OKX Ventures unveiled the $10 million Telegram growth hub alongside The Open Platform and Folius Ventures. The goal is to bring blockchain applications and its benefits to Telegram\u2019s more than 950 million monthly active users.<\/p>\n<h2>Eyeing web3 expansion<\/h2>\n<p>TON has in the past several months witnessed the explosive surge and traction for <a href=\"https:\/\/coinjournal.net\/news\/telegram-unveils-in-app-browser-for-decentralized-websites\/\">mini-apps<\/a>. Other than Catizen and <a href=\"https:\/\/coinjournal.net\/news\/toncoin-ton-price-hits-a-new-all-time-high\/\">Notcoin<\/a>, there has been notable attention on projects such as OKX Racer.<\/p>\n<p>\u201cThe OKX Ventures team were one of the first supporters of the TON value proposition, which sits at the intersection of Telegram\u2019s social graph and TON\u2019s blockchain rails, to develop a vibrant ecosystem of Web3 consumer applications that would onboard millions of people,\u201d TON Ventures partner Ian Wittkopp said.<\/p>\n<p>So far, TON Ventures has secured $40 million in funding, with the target for future development including gaming and monetization tools.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/okx-ventures-boosts-ton-ecosystem-with-5m-investment\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) OKX Ventures\u2019 investment adds to the recently launched $10 million Telegram Growth Hub. The $5 million investment in TON Ventures targets growth for Telegram-powered apps on TON blockchain. OKX Ventures, the investment arm of global crypto exchange OKX, has invested $5 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":43024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43023"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=43023"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/43024"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=43023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=43023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=43023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}