{"id":429934,"date":"2022-04-11T16:00:00","date_gmt":"2022-04-11T13:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-250m-toncoin-fund-targets-dex-and-nft-tools-on-ton-blockchain\/"},"modified":"2022-04-11T16:00:00","modified_gmt":"2022-04-11T13:00:00","slug":"new-250m-toncoin-fund-targets-dex-and-nft-tools-on-ton-blockchain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-250m-toncoin-fund-targets-dex-and-nft-tools-on-ton-blockchain\/","title":{"rendered":"# New $250M TONcoin Fund targets DEX and NFT tools on TON blockchain"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b5966ba305\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b5966ba305\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/new-250m-toncoin-fund-targets-dex-and-nft-tools-on-ton-blockchain\/#%E2%80%9D_New_250M_TONcoin_Fund_targets_DEX_and_NFT_tools_on_TON_blockchain_%E2%80%9C\" >&#8221; New $250M TONcoin Fund targets DEX and NFT tools on TON blockchain &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_New_250M_TONcoin_Fund_targets_DEX_and_NFT_tools_on_TON_blockchain_%E2%80%9C\"><\/span>&#8221; New $250M TONcoin Fund targets DEX and NFT tools on TON blockchain &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZWMwNDFjN2EtMTViZC00MTg3LTg1ODQtMTc1NTU1NzUxOWIyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>The TON Foundation, an organization building on the\u00a0Telegram-initiated blockchain project, The Open Network (TON), has chosen the TONcoin Fund as its official ecosystem fund.<\/p>\n<p>The TONcoin Fund announced on Monday the launch of an ecosystem fund focusing on supporting TON-based projects, securing an initial collective commitment of up to $250 million from major firms within the industry. The fund has earned the title of the TON Foundation\u2019s official incubation partner, meaning that they will support the fund\u2019s portfolio investments.<\/p>\n<p>The fund\u2019s contributors included firms like Huobi Incubator, Kucoin Ventures, MEXC Pioneer Fund, 3Commas Capital, the blockchain startup Orbs, TON Miners and Kilo Fund. The fund aims to deploy funds through incubation, investment, grants, hackathons as well as educational programs as projects are accepted and incubated.<\/p>\n<p>TONcoin Fund managing partner Benjamin Rameau told Cointelegraph that the fund is working \u201cvery closely\u201d with the TON Foundation, hoping to help the TON blockchain reach its full potential. Rameau said that the fund is focused explicitly on Web3-related developments and is now incubating a decentralized exchange and nonfungible token (NFT) project. \u201cWe are also eying opportunities with wallets, NFT marketplaces and decentralized finance,\u201d he added.<\/p>\n<p>\u201cTON may become the first blockchain network accessible to millions of users thanks to the Telegram integration efforts by the community via in-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> bots as well as native interface proposals,\u201d Rameau noted. He referred to Pavel Durov\u2019s public endorsement of TONcoin in late 2021, which followed an announcement of TONcoin\u2019s payment integrations with the Telegram messenger.<\/p>\n<p>Rameau, who is also the founder of Jenny Metaverse DAO and partner at the cryptocurrency trading platform 3Commas Capital, grew interested in the TON blockchain and related applications while starting with <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>e, a Telegram bot-enabled mobile gaming platform. He realized that TON would be a great fit for creating blockchain solutions that \u201cpeople actually want to use\u201d and enable the mass adoption of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.<\/p>\n<p>The executive told Cointelegraph that TON-enabled solutions could include payments, play-to-earn games, profile pictures on chats directly linked to crypto wallets as well as subscriptions to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>, stating:<\/p>\n<blockquote><p>\u201cTON will not just be the blockchain that people use on Telegram, it will define people\u2019s online identity and will act as a bridge between all their Web3 and Web2 activities.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Meta files 8 digital asset and Web 3 trademark applications<\/em><\/strong><\/p>\n<p>The latest announcement came on the same day with Cameroon, the Democratic Republic of the Congo (DRC) and the Republic of the Congo <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cameroon-democratic-republic-of-the-congo-and-republic-of-the-congo-take-major-step-towards-adoption-of-cryptocurrency-with-ton-leading-pack-301522558.html\">dislosing<\/a> plans to adopt TON, the layer one proof-of-stake blockchain, as the cryptocurrency and blockchain to drive future national economic progress. The DRC is also reportedly considering launching a new national stablecoin, built on top of the TON blockchain.<\/p>\n<p>&#8220;TON has been engaging with all three countries independently for some time and has taken the lead to deliver cryptocurrency and blockchain solutions for each nation. These countries will each undertake a phased transition to adopting cryptocurrency as a central pillar of their economic structures,&#8221; the joint announcement notes.<\/p>\n<p>Telegram officially shut down its involvement in TON in May 2020 after a lengthy battle with the United States Securities and Exchange Commission over Telegram\u2019s $1.7 billion initial coin offering in 2018. The open-source blockchain project has since given rise to many other projects such as Free TON, NewTON as well as TONcoin. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/new-250m-toncoin-fund-targets-dex-and-nft-tools-on-ton-blockchain\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; New $250M TONcoin Fund targets DEX and NFT tools on TON blockchain &#8220; The TON Foundation, an organization building on the\u00a0Telegram-initiated blockchain project, The Open Network (TON), has chosen the TONcoin Fund as its official ecosystem fund. The TONcoin Fund announced on Monday the launch of an ecosystem fund focusing on supporting TON-based projects,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":429935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZWMwNDFjN2EtMTViZC00MTg3LTg1ODQtMTc1NTU1NzUxOWIyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,75916,75719,75591,77475,95118,76419,79216,93542,74355,25562,117],"class_list":["post-429934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-dex","tag-funding","tag-huobi","tag-kucoin","tag-nft","tag-telegram","tag-ton","tag-web3","tag-adoption","tag-africa","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/429934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=429934"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/429934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/429935"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=429934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=429934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=429934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}