Former TON Foundation executives launch a $40 million TON Ventures fund

ChainCatcher news, a new venture capital (VC) firm The Open Network Ventures has officially launched a $40 million fund to support early cryptocurrency projects in the TON ecosystem. This new venture capital company was founded by former senior members of the TON Foundation, aiming to connect investors with builders to promote the development and innovation of TON.

TON Ventures will focus on leveraging consumer applications on the Telegram social platform, utilizing Telegram's social graph and the tools and infrastructure of Telegram Mini Apps to build applications with mass appeal.