OKX Ventures has committed $5 million to help develop DApps on the TON network with direct links to the Telegram social messaging app.
OKX Ventures, a subsidiary of OKX crypto exchange, has taken a strategic leap towards supporting Web3 innovation. As announced, the venture outfit has committed $5 million to The Open Network (TON) ecosystem.
The OKX – TON venture partnership aims to reshape the landscape of Web3 by focusing on Decentralized Finance (DeFi), gaming, creator tools, and artificial intelligence. With Telegram’s 950 million active users, this partnership promises to unlock new opportunities for decentralized innovation.
TON Ventures, led by Ian Wittkopp and Ilya Kardanoff, plans to revolutionize decentralized apps on Telegram. Wittkopp, who used to work as a director at TON Foundation, teams up with Kardanoff, an expert in gaming, to push forward blockchain apps on Telegram.
Their vision is to change how creators make money, offering new opportunities for developers. They also want to improve mid-core gaming to create engaging experiences on the TON platform. This strategy fits well with TON’s flexible and user-focused system.
Leveraging Telegram’s vast user base, TON Ventures will help developers build scalable, engaging apps on the messaging platform. This $5 million investment will be built on OKX’s $10 million Telegram Growth Hub.
This program collaborates with The Open Platform (TOP) and Folius Ventures. This partnership highlights growing confidence in TON’s ability to drive Web3 innovation and transform decentralized applications globally.
OKX Ventures’ involvement shows a strong belief in the TON ecosystem’s potential. Developers get funding, a 12-week incubation program, technical help, and strategic advice. This support helps them build smarter, faster apps that change how people use blockchain technology.
For those ready to start, TON will provide a lively developer community where ideas grow and collaborations happen. Developers can join Telegram chats, explore TON Nest for early-stage help, or use detailed technical guides. With OKX’s investment, TON offers a unique chance for developers to make an impact in the blockchain space.
The biggest advantage of the TON Blockchain is how easily it integrates with Telegram. Unlike other blockchain platforms, Telegram-native mini apps eliminate the need for extra downloads or complex sign-up processes.
Developers can easily integrate their dApps directly into Telegram. This removes typical barriers and makes it simpler for users to access decentralized applications. This makes decentralized apps (dApps) instantly accessible to the platform’s massive user base, offering a unique chance for rapid growth.
Whether playing games like Catizen or trading on STON.fi, Telegram is a channel for Web3 innovation. This is because the platform offers seamless experiences for users and developers alike.
Last month, OKX wallet integrated three new mini-games on Telegram, aiming to boost crypto accessibility for users. The new features allow users to book rides with crypto assets and engage in NFT strategies within Telegram. This move highlights the flexibility of the messaging platform, demonstrating how Telegram is evolving into a hub for decentralized applications.
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Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
