Telegram and crypto: Bitget launches $20M TON ecosystem fund

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Telegram and crypto: Bitget launches $20M TON ecosystem fund
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Bitget crypto exchange partners with Foresight Ventures to launch a $20 million TON Ecosystem Fund, supporting early-stage projects on the TON blockchain and enhancing the growing Telegram-based platform.

The Open Network , a platform that enables blockchain and cryptocurrency ecosystem on the Telegram messenger, is getting another boost with a new fund backed by the Bitget crypto exchange.

The $20 million TON Ecosystem Fund aims to support early-stage projects on TON amid the rise of TON-based applications and the native cryptocurrency, Toncoin . The funding initiative aims to tap the turbulent growth of TON in 2024. According to Delphi Digital, The TON ecosystem’s growth is driven byThe total value locked in the TON ecosystem has also increased more than fivefold over the past two months, reaching $600 million due to the influx of new projects and assets such as

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