I'm delighted to share my enthusiasm for @Ton Network , an innovative project that has caught my eye. Through my activities with @DAO Labs pioneering and developing #SocialMining , I ve learned that a vibrant community is crucial for community development and success.
Over the years, the world has seen vibrant project grow and boom because of honest support from the community including #Ethereum | $ETH , #bitcoinâïž | $BTC , #BNB | $BNB . This move to strengthen TON and its token can be made possible with #Daolabs | @DAO Labs pioneering the concept of #SocialMining .
In a significant move, two former #TON Foundation members, Ian Wittkopp and Inal Kardan, have launched @TON_Ventures, a for-profit venture capital firm, with an inaugural fund of $40 million. The fund aims to invest in startups building on @Ton Network , with a focus on decentralized finance, gaming, ad/marketing, and regulated financial products.
A NEW ERA FOR THE TON ECOSYSTEM
Wittkopp believes that the TON ecosystem is on the cusp of a revolution, with "billion-dollar companies" emerging across various verticals. TON Ventures is poised to play a key role in this growth, with a focus on early-stage projects and tooling that makes development and monetization more seamless.
WHY TON?
The TON blockchain's unique integration with Telegram, a messaging giant with nearly 900 million monthly active users, makes it an attractive platform for developers. Recent games like Notcoin and Hamster Kombat have seen strong uptake, and venture firms are taking notice, with Pantera Capital, Kingsway Capital, Ryze Labs, and Animoca Brands all investing in the TON token.
TON VENTURES' INVESTMENT STRATEGY
TON Ventures has already backed over a dozen startups, with an average check size of $500,000 or below for early-stage investments. The firm will also participate in later-stage strategic deals, with ad hoc terms and check sizes.
THE FUTURE OF WEB3
Wittkopp predicts that web3 products utilizing the TON blockchain and Telegram's social graph will become legitimate challengers to established incumbents in verticals like remittance and make headway in banking underbanked segments within the next 3-5 years.
With its $40 million fund, TON Ventures is well-positioned to drive growth in the TON ecosystem and shape the future of web3.
HERE IS MY X THREAD FOR YOUR PERUSAL
https://twitter.com/mhikhehodhu/status/1827303363249160605?t=72vI5IHmY97TEnsDDnbMqA&s=19
DISCLAIMER:
This article is for educational purpose and should not be a substitute for investment advice. Kindly do your own research.
