Welcome to the TON Accelerator Program
On May 22, 2023, the Open Network (TON) took a giant leap forward in fostering innovation by announcing a $25 million fund aimed at projects developing within its ecosystem. This initiative, known as the “TON Accelerator Program,” plans to pump between $50,000 and $250,000 per project. Because who doesn’t love free money? Especially when it comes with mentorship!
Investing in DeFi Dreams
What’s even more enticing is that this investment focuses on decentralized finance (DeFi) projects. Justin Hyun, head of incubation and growth at the TON Foundation, was quoted saying, “Funding forms part of our local hubs rollout strategy,” highlighting that they’re out to attract both new developers and seasoned founders from around the globe. So if you’ve got an idea dancing around in your head, now may be your golden moment!
Who Are the Lucky Recipients?
The initial funding pool will prioritize projects that recently participated in a TON hackathon. You heard that right, that was not just a race against time; it was a ticket to potential funding. To be in the running, projects must already have a minimum viable product (MVP) up and running. Sorry, brainstorming on a napkin doesn’t quite cut it here!
Building the Blockchain Future
TON has been piloted as a community-led, open-source project since its beginning in 2020. Its cool capabilities allow for substantial scaling and the ability to handle millions of transactions per second. Just try to picture that—it’s like a freeway for data!
Global Adoption on the Horizon
Adding to the excitement, countries like Cameroon, the Democratic Republic of the Congo, and the Republic of the Congo are gearing up to embrace the TON blockchain. It looks like TON is ready to take its global stage and show off what it can really do!
The Call for Innovators
But wait, there’s more! TON is also encouraging teams with proof-of-concept or prototype stages that need extra tech support to apply for early-stage grants. It’s like a booster shot for your project—so don’t miss out! The TON Accelerator Program is set to partner with notable industry players like Gotbit and Web3Port to ensure new projects have both funding and know-how.