Bitget Launches $20M TON Ecosystem Fund to Drive Crypto Adoption on Telegram

The Open Network (TON), a blockchain and cryptocurrency platform integrated with Telegram, is set to receive a significant boost from a new fund backed by the Bitget crypto exchange. Bitget has announced the creation of a $20 million TON Ecosystem Fund in partnership with Singapore-based investment firm Foresight Ventures, as shared with Cointelegraph on June 26. This fund aims to support early-stage projects on the TON platform amidst the growing number of TON-based applications and the increasing value of its native cryptocurrency, Toncoin (TON). The fund will provide comprehensive support for project development within the TON ecosystem, including offering liquidity

Source: CryptoIntelligence