KuCoin Ventures, a Victoria, Seychelles-based investment arm of KuCoin Exchange, announced its partnership with the TON Foundation, a non-profit organization dedicated to developing a decentralized blockchain community.
As part of this partnership, KuCoin Ventures will provide a considerable grant to support the growth and expansion of the TON ecosystem.
KuCoin Ventures’ fiduciary and conciliatory support will be allocated to five TON-based mini-apps focusing on payments or GameFi that push the boundaries of what’s possible in Web3. The grants will empower various ongoing initiatives within the TON ecosystem, like the Future3 Campus and the TON Bootcamp, by funding innovative projects, research and development efforts, community-building activities, and marketing initiatives to raise awareness about the TON blockchain.
Launched in September 2017, KuCoin is a global cryptocurrency exchange. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 30 million users in more than 200 countries and regions. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap.
The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON’s vision is to empower 500 million users to own their digital identity, data, and assets by 2028.