OKX Ventures, The Open Platform, and Folius Ventures jointly launched the Telegram Growth Hub, with a total scale of $10 million for the accelerator

On October 30, 2024, OKX Ventures, The Open Platform (TOP), and Folius Ventures announced the launch of a $10 million Telegram Growth Hub. The Telegram Growth Hub will fund and support projects that enhance user engagement on TON, aiming to promote innovation within the Telegram ecosystem and expand the Mini Apps ecosystem of Telegram.

The "Telegram Growth Hub" will focus on three key areas:

• User onboarding and educational tools: Simplifying user onboarding with intuitive UI/UX and educational tools, allowing new users to easily access Telegram ecosystem projects.
• Trading-related: Developing on-chain trading functionalities, including DEX and NFT trading, liquidity staking, and other advanced trading features.
• Mini Apps ecosystem expansion: Promoting innovative Mini Apps on Telegram, including games and entertainment applications that expand the use cases for TON users.

Selected projects will receive comprehensive support, including:

• Funding support for talent recruitment and community building.
• Access to OKX's developer resources, such as OKX Connect, a new solution that simplifies wallet integration for TON developers.
• Access to TOP's developer toolbox and infrastructure support, including Tonkeeper, TON Apps API, Playdeck, Ton App Chain, fi, and Getgems NFT platform, to help rapidly expand the user base on TON.
• Guidance from experts, networking opportunities, marketing assistance, and the chance to be introduced to partners of OKX, TOP, and Folius Ventures.

The "Telegram Growth Hub" will select up to 10 promising projects to enter a two-month acceleration program. Selected teams will be eligible for funding from the $10 million fund. The application deadline is November 29, 2024. To apply, please visit: https://tally.so/r/mJk9R7

OKX Ventures partner Jeff Ren stated, "We have long recognized the immense potential of the Telegram ecosystem and the significance of its choice of TON as the preferred public chain. The seamless integration of TON with Telegram's vast user base, combined with nearly 1 billion active users on Telegram each month, lays the foundation for large-scale adoption of this ecosystem. This initiative demonstrates our commitment to supporting innovative projects that will shape the future of decentralized applications on Telegram. We look forward to developers leveraging this opportunity to create new utilities that meet the diverse and expanding needs of Telegram users."

TOP Managing Director Andrey Klebanov said, "At TOP, our goal is to provide developers with the tools and resources they need to create impactful and scalable solutions on TON. By collaborating with OKX Ventures and Folius, we further provide developers with funding support and professional assistance to help them realize transformative projects in Telegram's thriving Web3 ecosystem."

Folius Ventures founder Jason Kam remarked, "Since Folius was established, our core objective has been to achieve widespread user adoption by significantly reducing the friction of onboarding and on-chain operations. We see tremendous potential in TON and Telegram to achieve this goal. The impact of the TON ecosystem on the entire Web3 space is significant and undeniable, and we look forward to contributing to large-scale adoption by supporting this growth hub initiative."

The "Telegram Growth Hub" is an important step in promoting innovation within the rapidly evolving Telegram ecosystem. With Telegram's user base growing at a rate of approximately 2.5 million new users per day, the fund aims to leverage this growth trend to drive the development of the next generation of products and achieve large-scale user adoption.

About OKX Ventures

OKX Ventures is the investment arm of OKX, a leading global cryptocurrency exchange and Web3 technology company, focused on exploring the best blockchain projects worldwide, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value. OKX Ventures is committed to supporting entrepreneurs who contribute to the development of the blockchain industry, helping them build innovative companies and bringing global resources and historical experience to blockchain projects. To learn more about OKX Ventures, click here: https://www.okx.com/zh-hans/ventures.

About The Open Platform (TOP)

The Open Platform (TOP) is a venture capital and startup building platform focused on early-stage projects on the TON public chain. TOP provides developers with a one-stop toolkit of funding, expertise, and technical resources, including wallets, developer resources, SDKs, APIs, and marketplaces, to help developers build scalable Web3 products for widespread adoption. For more information, please visit: https://top.co. Social links: Linkedin | X

About Folius Ventures

Folius Ventures, established in September 2021, is a hybrid investment fund focused on the Web3 market in the Asia-Pacific region, preferring small-cap or seed/early-stage projects. The company is headquartered in Asia and primarily invests in the application layer, including B2C applications, games, centralized exchanges, and products with clear business models and cash flow potential. To learn more about Folius Ventures, please visit their official website: https://www.folius.ventures/

Disclaimer

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