TON to Back Startups with $25M Accelerator

0 4

TON to Back Startups with $25M Accelerator

The Open Network (TON) has announced a new $25 million accelerator program aimed at supporting projects “poised to make a sizeable impact in the growing TON ecosystem.”

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

In a blog announcement on Tuesday, TON said the funding will be provided by the so-called TONcoin Fund, a $250 million ecosystem. The minimum investment is said to be at the $50,000 mark, with maximum up to $250,000 per project.

Besides funding, the suitable projects will get mentorship from accelerator partners like Gotbit, Web3port, Tonstarter, TEB and Cypher Capital.

TON Unveils Cross-chain Bridge for Ethereum

Justin Hyun, Head of Incubation and Growth at TON Foundation, said that with the funding, TON wants to attract “new developers as well as successful repeat founders, based across a variety of key global locations.” Interested in participation, projects must build on TON, should be MVP ready while requiring support in marketing, business and technology.

Access more than 50 of the world’s financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange


Оставьте ответ

Ваш электронный адрес не будет опубликован.