Bing Ventures, a pioneering venture capital firm, has announced comprehensive support for The Open Network (TON) ecosystem, including investment, resource sharing, project advisories, and more. This initiative underscores Bing Ventures' commitment to advancing early-stage projects and exceptional fund managers in the Web3 and crypto space.
TON, a Layer 1 network originally designed by Telegram and continued by the open-source community, is integrated with one of the world's leading messengers. It offers speed, scalability, unique features, and versatility for a wide range of applications. Bruce Lan, General Partner of Bing Ventures, expressed confidence in TON's potential to drive mass adoption for Web3.
As part of its initiative, Bing Ventures will invest in innovative teams and projects that leverage TON's distinct advantages to bridge Web2 and Web3. The firm will also provide fundraising assistance, including referrals to potential investors, for projects emerging from TON's acceleration programs. Additionally, Bing Ventures will contribute to TON accelerators by offering research-based mentorships, training, and project advisories.
In line with its vision of fostering disruption and innovation, Bing Ventures plans to curate educational events worldwide. These events aim to inform, inspire, and support founders and entrepreneurs within the TON ecosystem and the broader crypto community.
Furthermore, BingX, a leading centralized crypto exchange, will support TON ecosystem projects through token listing, liquidity provision, custom integration, and awareness campaigns to enhance their accessibility.
This announcement positions Bing Ventures alongside other institutional investors and organizations, such as Animoca Brands and Pantera Capital, that support TON. The network's Total Value Locked has surpassed $500 million, marking a growth rate of over 2,000% from $22.9 million recorded in March 2024.
Bing Ventures' commitment to supporting TON is a significant development for the blockchain and crypto industry. By providing extensive resources and support, the firm aims to accelerate Web3 adoption and foster innovation, benefiting both the TON ecosystem and the broader crypto world.
