KuCoin Ventures and TON Foundation Join Forces to Propel the Future of Web3 Collaboration

Bits Logics Team . 02nd Dec 2023

• KuCoin Ventures announces a partnership with the TON Foundation.
• KuCoin Ventures will extend a substantial grant to bolster the growth and expansion of the TON ecosystem.
• KuCoin’s Managing Director expresses excitement about contributing to the TON blockchain’s success

KuCoin Ventures, the investment arm of KuCoin Exchange, has announced an extensive partnership with the TON Foundation. This collaboration marks a significant step towards fostering a new era of cooperation between cryptocurrency exchanges and public chains.

As a testament to their commitment, KuCoin Ventures will extend a substantial grant to bolster the growth and expansion of the TON (Open Network) ecosystem. The TON Foundation, a non-profit organization dedicated to advancing the TON ecosystem, will work closely with KuCoin Ventures to channel these funds into five TON-based mini-apps. These applications will focus on payments and GameFi, pushing the boundaries of innovation within the Web3 landscape.

The grant will play a pivotal role in supporting various ongoing initiatives within the TON ecosystem, including the Future3 Campus and the TON Bootcamp. These programs aim to nurture and empower developers, researchers, and communities by providing resources for innovative projects, research and development efforts, community-building activities, and marketing initiatives. The overarching goal is to raise awareness about the capabilities and potential of the TON blockchain.

Ian W., Accelerator Head at TON Foundation, expressed enthusiasm about the partnership, stating, “Today’s partnership with KuCoin Ventures is an acceleration point in the momentum of mini-app development on The Open Network. With powerful programs like the Future3 Campus Bootcamp and this support from KuCoin Ventures, we’re fueling real-world blockchain solutions in payments and gaming within the TON ecosystem.”

Alicia Kao, Managing Director of KuCoin, shared the excitement, stating, “We are thrilled to partner with the TON Foundation to support the growth and development of the TON ecosystem. We believe that the TON blockchain has immense potential to revolutionize the blockchain industry, and we are committed to contributing to its success.”

Kao emphasized that the strategic alliance aligns with KuCoin’s mission of promoting further development in the crypto and blockchain industry through tighter cooperation. “We believe this signifies a fresh synergy between exchanges and the blockchain landscape, and we aspire that this joint effort will serve as a motivating example, spurring further similar ventures.”

This collaboration between KuCoin Ventures and the TON Foundation is poised to shape the future of decentralized digital solutions, setting a precedent for fruitful partnerships between exchanges and blockchain projects. As both entities pool their expertise and resources, the broader blockchain community eagerly anticipates the transformative impact this alliance will have on the evolution of Web3 technologies.