KuCoin Ventures Catalyzes the Future of Blockchain Collaboration with TON Foundation Partnership

2023/12/01 04:00:12

KuCoin Ventures, the investment arm of KuCoin Exchange, has forged a strategic alliance with the TON Foundation. This collaboration not only solidifies their commitment to the development of the TON ecosystem but also signals a new era of cooperation between exchanges and public chains.

KuCoin Ventures is set to make a significant impact by providing a substantial grant to bolster the growth and expansion of the TON ecosystem. This grant will be directed towards supporting five TON-based mini-apps with a focus on payments or GameFi, pushing the boundaries of what's achievable in Web3. The funding will empower various initiatives within the TON ecosystem, including the Future3 Campus and the TON Bootcamp, by fueling innovative projects, research and development efforts, community-building activities, and marketing initiatives aimed at raising awareness about the TON blockchain.

Ian W., Accelerator Head at TON Foundation, expressed enthusiasm about the partnership, stating, "Today's partnership with KuCoin Ventures is an acceleration point in the momentum of mini-app development on The Open Network. With powerful programs like the Future3 Campus Bootcamp and this support from KuCoin Ventures, we're fueling real-world blockchain solutions in payments and gaming within the TON ecosystem. KuCoin Ventures' efforts perfectly align with TON's vision of a more accessible and decentralized digital future for everyone."

Alicia Kao, Managing Director of KuCoin, echoed this sentiment, saying, "We are thrilled to partner with the TON Foundation to support the growth and development of the TON ecosystem. We believe that the TON blockchain has immense potential to revolutionize the blockchain industry, and we are committed to contributing to its success. This strategic alliance aligns with our mission of promoting further development of the crypto and blockchain industry through tighter cooperation. We believe this signifies a fresh synergy between exchanges and the blockchain landscape, and we aspire that this joint effort will serve as a motivating example, spurring further similar ventures."

About The Open Network:

The Open Network (TON) is a global, decentralized blockchain community with a mission to bring crypto to every pocket. By building the Web3 ecosystem in Telegram Messenger, TON aims to empower 500 million users to own their digital identity, data, and assets by 2028. Learn more at https://ton.org.