TON Now Has a $100 Million Fund to Boost Projects Built on the Network
TVM Ventures has launched a $100 million fund aimed at enhancing The Open Network's on-chain capabilities, marking a strategic shift from reliance on layer-2 solutions. The fund is designed to provide start-ups and enterprises with the necessary capital and infrastructure to accelerate the mass adoption of TON, a blockchain initially developed in collaboration with messaging app Telegram. The funding will focus on three primary pillars: decentralized finance infrastructure, cross-border payments, and security on TON. By prioritizing DeFi protocols, TVM Ventures aims to enable users to store their crypto and access banking-like services efficiently. The fund also seeks to improve remittance processes and broader cross-border payment systems. Furthermore, TVM Ventures will ensure safety across its investments by collaborating with security auditors for the TON Virtual Machine. This initiative envisions establishing a more decentralized and secure experience by encouraging the development of applications directly on the main chain rather than on less secure side chains or layer-2s, which can lead to liquidity fragmentation. The goal is to routing the TON community's future firmly toward its native blockchain development.
Source 🔗