Gate.io has announced a strategic investment of $10 million in The Open Network (TON) blockchain. This investment aims to enhance collaborations with the TON Foundation and accelerate the growth of Telegram-based projects.
With this investment, Gate.io plans to deepen its involvement in the governance of the TON blockchain and contribute to its ongoing development. The company will also focus on launching new products, such as an official CeFi-driven Telegram mini-app and a Gate Wallet within Telegram, to further support and expand the TON ecosystem.
Gate Group is actively participating in the TON Society’s Hackers League hackathon, one of the largest hacker events of the year. The event offers a total prize pool worth up to $2 million and features key bounty tracks from leading TON projects, promising a groundbreaking experience for participants.
An offline bootcamp will be held across 19 cities worldwide, fostering global participation and innovation.
TON-based projects present a compelling use case for mass adoption within the Telegram ecosystem, which has seen considerable growth as it expands services to Web3 startups.
Dr. Lin Han, Founder and CEO of Gate.io, noted the importance of this investment for the future of Telegram-based innovations.
