KuCoin Ventures Release $20K Grant to Build TON-Based Mini-Apps
1 December 2023
By Jimmy Aki | @jimmy-aki
KuCoin Ventures, the investment arm of crypto exchange KuCoin, has pledged a grant of $20,000 to the Open Network (TON) blockchain platform.
KuCoin Ventures to Provide $20K Grant to TON Ecosystem
– The investment arm of crypto exchange KuCoin will provide a $20,000 grant to the TON network to fund ongoing initiatives in the ecosystem, a KuCoin spokesperson said by email."The first phase of our partnership involves a… pic.twitter.com/9Xdk6AO56g
— Nhàn Cuisine "🐐" (@NhanCuisine) December 1, 2023
In a statement on December 1, KuCoin revealed that the funding is intended to support the growth and expansion of the TON ecosystem.
This includes financial support for five mini-applications that focus on payments, game finance (GameFi) platforms, research and development efforts, community-building initiatives, marketing activities, and incubation programs such as the TON Bootcamp.
By funding these innovative projects and empowering research and developments, the platform aims to create a vibrant community and effective marketing initiatives about the TON blockchain.
This grant initiative results from the collaboration between KuCoin Ventures and TON Foundation, a non-profit organization aiming to pave the way for future collaborations between crypto platforms and public chains.
🤝 @KuCoinVentures, the investment arm of @kucoincom, has announced a strategic partnership with the TON Foundation!
They aim to enhance the #TON Ecosystem by supporting The TON Bootcamp initiative and TON-based mini-apps with funding.
— TON 💎 (@ton_blockchain) December 1, 2023
Ian Wittkopp, the head of the accelerator at TON Foundation, explained that the collaboration with KuCoin Ventures marks a significant acceleration point in the ongoing momentum of mini-app development on the network.
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