{"id":16103,"date":"2024-08-14T17:42:36","date_gmt":"2024-08-14T14:42:36","guid":{"rendered":"https:\/\/forklog.com\/en\/ton-ventures-secures-40-million-in-funding\/"},"modified":"2024-08-14T17:42:36","modified_gmt":"2024-08-14T14:42:36","slug":"ton-ventures-secures-40-million-in-funding","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ton-ventures-secures-40-million-in-funding\/","title":{"rendered":"TON Ventures Secures $40 Million in Funding"},"content":{"rendered":"<p>Former TON Foundation employees Jan Wittkopp and Inal Kardan <a href=\"https:\/\/blog.ton.org\/introducing-ton-ventures-a-40m-fund-for-early-stage-projects\">founded<\/a> the venture firm TON Ventures, securing initial investments of $40 million.<\/p>\n<p>The initiative aims to support startups within The Open Network (TON).<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We will invest at the application level, as well as in tools that enhance the development and monetization process of TON ecosystem applications,&#8221; Wittkopp commented to <a href=\"https:\/\/www.theblock.co\/post\/311103\/ton-foundation-alumni-40-million-fund-ton-ventures\">The Block<\/a>.<\/p>\n<\/blockquote>\n<p>The founder declined to disclose the fund&#8217;s investors, noting that they are primarily private individuals interested in the ecosystem&#8217;s long-term growth.<\/p>\n<p>TON Ventures has already supported over ten startups, including Catizen, Tradoor, and Evaa Protocol. The average investment size is $500,000 or less for early-stage funding. However, it will also engage in &#8220;strategic&#8221; later-stage deals, such as integrating major protocols into the TON network.<\/p>\n<p>The company is confident that within the next three to five years, Web3 products will become formidable competitors to established players in money transfers and certain banking segments.<\/p>\n<p>Earlier, developers of TON and the Tonkeeper wallet implemented support for gas-free transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former TON Foundation employees Jan Wittkopp and Inal Kardan founded the venture firm TON Ventures, securing initial investments of $40 million. The initiative aims to support startups within The Open Network (TON). &#8220;We will invest at the application level, as well as in tools that enhance the development and monetization process of TON ecosystem applications,&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,1364,1133],"class_list":["post-16103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-the-open-network","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16103"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16102"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}