The TON ecosystem welcomes a new chapter, with $40 million raised to support its development.

Recently, a major announcement has attracted widespread attention in the cryptocurrency market. On August 14, a former executive of the TON Foundation announced the establishment of TON Ventures, successfully raising 40 million USD to support the development of the TON ecosystem. This news quickly propelled the price of TON, with a single-day increase of over 12%, surpassing the 7 USD mark.

According to statistics from a certain data platform, as of August 18, the discussion heat of TON has significantly increased by 38.83% compared to the previous week, reaching 1.29K times, ranking 5th overall. More notably, the daily discussion increase of TON reached 122.67%, placing it at the top. Meanwhile, TON's real-time sentiment index has reached 54.15 points, indicating that the market holds a very positive attitude towards its prospects.

TON (The Open Network) was initially designed and developed by the Telegram team to create a decentralized network that supports high-speed transactions. After years of development, TON has evolved from a conceptual stage into a blockchain platform with a complete ecosystem and an active community. In 2024, the total asset scale on the TON chain reached $1.14 billion, an increase of more than 15 times compared to the beginning of the year. It is worth mentioning that the daily active user count of TON has surpassed that of Ethereum, and the number of non-zero addresses has exceeded 39.5 million, a nearly 10-fold increase since the beginning of the year. These data fully demonstrate that the TON ecosystem is in a stage of rapid development.

The establishment of TON Ventures is undoubtedly another milestone in the development of the TON ecosystem. This emerging venture capital institution is led by former TON Foundation executives Ian W. and Inal K., backed by a $40 million funding pool, focusing on supporting early-stage crypto projects. TON Ventures' investment focus is primarily concentrated on three areas: user applications based on the Telegram social network, Telegram mini-programs, and infrastructure and tool development.

Ian W., Managing Director of TON Ventures, stated: "TON and Telegram have created a new paradigm for Web3. With our in-depth work in this ecosystem, we firmly believe that the greatest opportunity for TON lies in precise capital allocation. Now, we have the chance to share unique insights with innovators and developers, helping them thrive in the fertile ground of TON and Telegram. We hope to accelerate the development of the TON ecosystem and drive revolutionary progress in decentralized technology by connecting visionary investors with cutting-edge projects."

With the establishment of TON Ventures, the TON ecosystem is expected to usher in new development opportunities. It is anticipated that the TON ecosystem will achieve breakthroughs in the following areas in the future:

1. The ecosystem further expands, attracting more developers to join.
2. The user base continues to grow, with daily active users and the number of non-zero addresses maintaining rapid increases.
3. Technological innovation is accelerating, especially in the development of infrastructure and tools.
4. Enhance global influence by collaborating with top international investors and developers to expand the international visibility of the TON ecosystem.

The rapid development of the TON ecosystem and the establishment of TON Ventures mark a new stage in the development of TON. With more funding, resources, and technology being injected, the TON ecosystem is expected to achieve greater breakthroughs and successes in the coming years. For developers, investors, and users, the TON ecosystem undoubtedly provides a platform full of opportunities and potential.

The establishment of TON Ventures is not only an important upgrade for the TON ecosystem but also sends an important signal to the entire blockchain industry: as the crypto market continues to mature, the construction and development of ecosystems will become key factors in determining the success or failure of projects. And TON is at the forefront of this development.