• TONcoin Fund is the first ecosystem fund to support founders working on The Open Network.
• A number of exchanges contributed up to $250M collectively for the fund.
• The TON Foundation will make grants to selected projects and the ecosystem funds.

TONcoin Fund is now the only ecosystem fund dedicated exclusively to supporting entrepreneurs who are building on The Open Network. Huobi Incubator and Kucoin Ventures are supporting the fund with a combined commitment of $250M.

The TON Foundation announced that grants will be made to selected projects as well as the ecosystem fund. As soon as the projects are approved and incubated, funds will be released.

“The Open Network offers tremendous opportunities to achieve mass adoption of blockchain technology,” said Benjamin Rameau, Managing Partner of TONcoin Fund.

TON could become the first network that is accessible to many millions of people thanks to Telegram integration efforts made by the community through in-app bots and native interface suggestions. TONcoin Fund is excited to help support decentralized exchanges and stable coins as well as NFT projects.

According to The TON Foundation, there is a clear roadmap that will allow the ecosystem grow and thrive. The Foundation recognizes teams as Incubation Partner to help them provide decentralized support. These Incubation Partners will, in turn, work together to create ecosystem funds that accelerate adoption and growth for key applications.

Justin Hyun (Head of Incubation, TON Foundation) stated that the TONcoin Fund, which is an ecosystem fund made up Incubation Partners, was officially recognised by the TON Foundation. They offer a competitive process to applicants who can show that they are able foster innovation and speed up adoption in the TON ecosystem. “We are excited for the projects that will start and grow from the TONcoin Fund and intend to fully support in advisory capacity and more,” said Justin.

TONcoin Fund is a fund that supports entrepreneurs and developers who work on the TON blockchain. It will do this through investments, grants and hackathons as well providing educational materials for the community.

Tal Kol (Co-founder) of the public blockchain infrastructure Orbs said that Orbs is very happy to be a part of the TONcoin Fund. Orbs has been a self-executed L3 Network and is specifically focused on providing a service infrastructure for applications that run on other blockchains like The Open Network.

Orbs, a big believer of TON, shares many architectural concepts including infinite sharding. This emerging ecosystem will benefit from our valuable contribution.

Jewel Chen, the Head of Huobi Incubator, stated that the partnership between TonCoin and Huobi Incubator would empower and mentor new Web3 projects. This would ensure all Internet users would be able to benefit from the innovative ideas of up-and coming developers.

Fund TONcoin.fund, a $100M ecosystem fund. Their investment in teams has the goal of creating a new web3 based on the TON protocol.

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