According to Foresight News, TON Ventures, a venture capital company founded by former core members of the TON Foundation, has been officially established. TON Ventures has raised $40 million and will be used to support early projects in the TON ecosystem.
TON Ventures will focus on supporting three types of projects: user applications based on the Telegram social network, Telegram applets, and infrastructure and tools to help developers create popular applications.
Selected projects will not only receive financial support, but will also be able to leverage the team’s global resources and experience, and enjoy benefits such as Telegram advertising, media exposure, strategic cooperation opportunities, and TON platform growth and traffic experiments.
TON Ventures was founded by Ian W, former director of the TON Accelerator, and Inal K, former head of the gaming department of the TON Foundation. Previously, Ian and Inal had incubated TON chain games Catizen and Gatto, as well as the perpetual contract trading platform Tradoor.
