Blockchain
TONcoin Fund Launches $250M Ecosystem Fund for The Open Network with Support from Leading Exchanges
Tortola, British Virgin Islands–(Newsfile Corp. – April 11, 2022) – TONcoin Fund will become the first ecosystem fund fully dedicated to supporting founders building on The Open Network. Huobi Incubator, Kucoin Ventures, MEXC Pioneer Fund, 3Commas Capital, Orbs, TON Miners, and Kilo Fund have made a collective initial commitment of up to $250M to support the fund. TON Foundation will provide grants to the ecosystem fund and selected projects. The funds will be deployed as projects are accepted and incubated.
The Open Network is a fully decentralized layer-1 proof-of-stake blockchain compatible with Telegram that was designed to onboard billions of users. It boasts ultra-fast transactions, low fees, easy-to-use apps, and is environmentally friendly.
“The Open Network offers tremendous opportunities to achieve mass adoption of blockchain technology. TON may become the first blockchain network accessible to millions of users thanks to the Telegram integration efforts by the community via in-app bots as well as native interface proposals. TONcoin Fund is very excited to support the first decentralized exchanges, stable coins, NFT projects and other dApps building on TON.” – Benjamin Rameau, Managing Partner of TONcoin Fund
The TON Foundation has a roadmap for the ecosystem to grow and prosper. By recognizing quality teams as Incubation Partners, the Foundation seeks to provide support in a decentralized manner. In turn, these Incubation Partners come together to form ecosystem funds and accelerate the adoption and growth of key applications.
“TONcoin Fund is the first ecosystem fund with Incubation Partners officially recognized by the TON Foundation. We also offer a competitive application process for teams that can demonstrate the ability to foster innovation and accelerate adoption within the TON ecosystem. We are excited for the projects that will start and grow from the TONcoin Fund and intend to fully support in advisory capacity and more.” – Justin Hyun, Head of Incubation at TON Foundation
TONcoin Fund will support entrepreneurs and developers building on the TON blockchain. This will be through incubation, investments, grants, hackathons, and offering educational materials to the community. Thanks to the support from the TON Foundation and the fund’s in-house expertise in web3 designing and venture capital investing, the TONcoin Fund hopes to contribute to elevating the TON blockchain to its full potential.
“Orbs is super excited to take part in the TONcoin Fund. As a self executed L3 network – Orbs is focused on providing a decentralized service infrastructure to applications running on other blockchains, such as The Open Network. Orbs is a great believer in TON and shares many architectural concepts like infinite sharding. We hope to make valuable contributions to this emerging ecosystem.” – Tal Kol, Orbs Co-Founder
In addition, support from the venture arms of some of the world’s leading crypto exchanges will offer portfolio projects the opportunity to amplify the user reach for portfolio projects and allow them to connect with the industry’s visionaries.
“This synergistic partnership between Huobi Incubator and TonCoin will help empower and mentor emerging Web3 projects, so all users of the Internet will benefit from the innovation put forward by up-and-coming developer talent.” – Jewel Chen, Head of Huobi Incubator
Learn more: https://www.toncoin.fund/
Contact:
Benjamin Rameau
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120036
Blockchain
Digital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
Digital Payment Gateway Market
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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