Three corporations are becoming a member of forces to launch a $10million Telegram Progress Hub designed to spice up innovation within the TON blockchain and broaden Telegram’s mini-app ecosystem.
The brand new Telegram Progress Hub was launched by OKX Ventures, the funding arm of crypto alternate and Web3 tech firm OKX, The Open Platform (TOP), VC and enterprise builder for early-stage initiatives on the TON blockchain, and Folius Ventures, a hybrid funding fund specializing in the APAC Web3 panorama.
The Telegram Progress Hub will fund and assist initiatives that improve consumer engagement on TON, specializing in three key areas:
- Consumer onboarding and academic instruments: Tasks that simplify onboarding by intuitive UI/UX and academic instruments, making TON accessible for brand spanking new customers
- Buying and selling capabilities and networks: Initiatives that develop on-chain buying and selling options, comparable to DEX and NFT buying and selling, liquid staking and different superior buying and selling functionalities
- Mini-app ecosystem growth: Modern mini-apps for Telegram, together with gaming and leisure functions that broaden TON’s use circumstances
Telegram Progress Hub will choose as much as 10 promising initiatives for a two-month acceleration programme. Chosen groups shall be eligible for funding from the $10million fund.
Jeff Ren, accomplice at OKX Ventures, stated: “We’ve lengthy recognised the immense potential of the Telegram ecosystem and its selection of TON as its most popular blockchain. TON’s seamless integration with Telegram’s consumer base, coupled with the messaging app’s almost one billion month-to-month lively customers, positions the ecosystem for mass adoption.
“This programme represents our dedication to fostering innovation and supporting initiatives that may form the way forward for decentralised functions on Telegram. We’re excited to see how builders will leverage this chance to create new utilities that cater to Telegram’s numerous and increasing consumer base.”
Backing TON innovation
Except for funding, chosen initiatives may even profit from additional assist, together with:
- Capital for expertise acquisition and neighborhood constructing
- Entry to OKX’s suite of developer sources, comparable to OKX Join, a brand new answer designed to streamline pockets integration for builders constructing on TON
- Entry to TOP’s developer sources and infrastructure, to construct, scale and interact customers on TON
- Mentorship, steerage and networking from specialists, advertising and marketing assist and introductions to key stakeholders within the OKX, TOP and Folius Ventures networks
Purposes to hitch the programme will stay open till 29 November 2024.
Andrey Klebanov, managing director at TOP, stated: “At TOP, our purpose is to empower builders with the instruments and sources they should create impactful, scalable options on TON. By collaborating with OKX Ventures and Folius, we’re additional offering builders with each the monetary backing and specialised assist they should carry transformative initiatives to life inside Telegram’s thriving Web3 ecosystem.”
Jason Kam, founding father of Folius Ventures, additionally commented: “Adoption by considerably diminished onboarding, onramp, and on-chain friction has been our north star since day considered one of founding Folius — and we see super potential for TON and Telegram attaining that goal. The impression the TON ecosystem has had on the broader Web3 area is sizable and self-evident, and we look ahead to contributing to the case of mass adoption by our assist of the ecosystem development hub programme.”
