Why Major Crypto Firms are Betting $10m on Telegram’s TON

The Open Platform, which provides venture capital and technical support for TON blockchain projects, views the messaging platform as a critical channel for blockchain adoption.

“At TOP, our goal is to empower builders with the tools and resources they need to create impactful, scalable solutions on TON,” says TOP’s Managing Director, Andrey Klebanov. “By collaborating with OKX Ventures and Folius, we’re further providing developers with both the financial backing and specialized support they need to bring transformative projects to life within Telegram’s thriving Web3 ecosystem.”

Asian market opportunity

The involvement of Folius Ventures, a blockchain investment fund focused on the Asia-Pacific region, highlights the particular significance of messaging apps for cryptocurrency adoption in Asian markets. The fund sees Telegram’s platform as a key entry point for users in markets where messaging apps serve as primary digital interfaces.

“Adoption through significantly reduced onboarding, onramp, and on-chain friction has been our north star since day one of founding Folius,” says Jason Kam, founder of Folius Ventures. “The impact the TON ecosystem has had on the broader Web3 space is sizable and self-evident, and we look forward to contributing to the case of mass adoption through our support of the ecosystem growth hub programme.”

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