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Gate.io introduced a strategic funding of $10 million in The Open Community (TON) blockchain. This funding goals to strengthen collaborations with the TON Basis and speed up the expansion of Telegram-based initiatives.
With this funding, Gate.io plans to deepen its involvement within the governance of the TON blockchain and contribute to its continued growth. The corporate can even deal with launching new merchandise, equivalent to an official CeFi-driven Telegram mini-app and a Gate Pockets inside Telegram, to additional assist and develop the TON ecosystem.
Gate Group additionally actively participates within the TON Society's Hackers League hackathon, one of many largest hacker occasions of the 12 months. Providing a complete prize pool value as much as $2 million and showcasing key bounty tracks from main TON initiatives, this occasion guarantees to be a game-changing expertise for contributors. An offline bootcamp shall be held in 19 cities around the globe, selling international participation and innovation.
TON-based initiatives current a compelling use case for mass adoption by means of the Telegram ecosystem, which has seen appreciable progress because it expands its companies to Web3 startups. Dr. Lin Han, Founder and CEO of Gate.io, stated: “The TON ecosystem has sturdy potential on account of its giant Telegram person base and quick, low-cost blockchain expertise. This makes it a perfect platform to draw Web3 functions and builders, with promising prospects for person progress and large-scale community results.
Though Telegram and TON function as separate entities, the messaging platform and blockchain protocol stay intently aligned, making a unified setting for innovation.
