KuCoin Ventures Pledges $20K Grant to Boost TON Ecosystem

• KuCoin Ventures Invests in TON Network
• Phase One of the Partnership
• Focus on Payment and Gaming Mini-Apps
• Growing Momentum for Web3 Developments
• Embracing Play and Earn

KuCoin Ventures Invests in TON Network

KuCoin Ventures, the investment division of crypto exchange KuCoin, has announced a $20,000 grant to the TON network to support its ongoing projects within the ecosystem.

Phase One of the Partnership

The initial stage of this alliance involves a $20,000 grant, set to be distributed amongst five TON-based mini-applications. Further discussions between KuCoin and TON regarding additional collaborations are also in progress.

Focus on Payment and Gaming Mini-Apps

According to an announcement made on Friday, the mini-apps in question primarily revolve around payment and gaming solutions. KuCoin ventures has expressed its intent to pioneer the future of mutual collaborations between exchanges and public chains through this initiative.

Growing Momentum for Web3 Developments

This investment might indicate an increase in momentum surrounding Web3 developments within the TON network. This comes shortly after Animoca Brands, a notable player in the industry, made an undisclosed investment in the TON system, subsequently becoming the network's largest validator.

Embracing Play and Earn

The recent events suggest it may be time for Web3 games to adopt a play and earn model, further fostering the growth and adoption of the TON network.

Edited by Jonathan Stoker