CoinVoice has recently learned that the TON Foundation has awarded a $500,000 grant to blockchain developer HOT Labs. The funds will be used to create a platform for deploying and running memecoin on TON.
HOT Labs is one of the first recipients of TON Foundation funding. After the project receives $500,000 in funding, the grantee is required to set KPIs, submit a project progress report every two weeks, and provide regular project updates. The TON Memecoin Working Group will support grantees including HOT Labs by leading and promoting marketing and business development efforts.
HOT Labs is a research team that built multiple products around Chain Signature, founded by Petr Volnov and Yuriy Olentyr. [Original link]
