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Gate.io invests $10m in TON to boost Telegram-based projects

Gate.io, a cryptocurrency exchange, has invested $10 million in The Open Network (TON) blockchain, seeking a strategic collaboration to foster Telegram-based projects.

The announcement, made on October 9, coincided with a dip in Toncoin's price amidst market volatility. The investment will facilitate cooperation with the TON Foundation, aiming to accelerate the growth of blockchain and web3 projects within Telegram.

This move comes as TON-based projects, such as tap-to-earn games like Hamster Kombat and Catizen, experience rapid user growth, along with other success stories like Notcoin (NOT), which has benefited from its connection to Telegram. Show Less

https://crypto.news/gate-io-invests-10m-in-ton-to-boost-telegram-based-projects/
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