OKX Ventures, The Open Platform, and Folius Ventures jointly launch Telegram Growth Hub with a total accelerator scale of $10 million

The Telegram Growth Hub aims to support users of the Telegram ecosystem in getting started, innovating transactions, and experiencing new Mini Apps.

On October 30, 2024, OKX Ventures, The Open Platform (TOP), and Folius Ventures announced the launch of a $10 million Telegram Growth Hub. The Telegram Growth Hub will fund and support projects to increase user engagement on TON, aimed at promoting innovation in the Telegram ecosystem and expanding Telegram's Mini Apps ecosystem.

The Telegram Growth Hub will focus on three key areas:

User onboarding and educational tools: Simplify user onboarding through intuitive UI/UX and educational tools, allowing new users to easily access Telegram ecosystem projects

Transaction related: Develop on chain trading functions, including DEX and NFT trading, liquidity collateral, and other advanced trading features.

Mini Apps ecosystem expansion: Drive Telegram's innovative Mini Apps, including gaming and entertainment applications that expand TON user scenarios.

Selected projects will receive comprehensive support, including:

Financial support for talent recruitment and community building

Accessing OKX's developer resources, such as OKX Connect, is a new solution that simplifies wallet integration for TON developers

Obtain TOP's development toolbox and infrastructure support, including Tonkeeper, TON Apps API, Playdeck, Ton App Chain, Ston.fi, and Getgems NFT platform, to help rapidly expand TON's user base

Guidance from experts, network building, marketing assistance, and the opportunity to be recommended to partners of OKX, TOP, and Folius Ventures

Telegram Growth Hub will select up to 10 potential projects to enter a two month acceleration program. The selected team will be eligible for a funding of $10 million. The application deadline is November 29, 2024. Please visit: https://tally.so/r/mJk9R7

OKX Ventures partner Jeff Ren said, "We have long recognized the enormous potential of the Telegram ecosystem and the importance of choosing TON as the preferred public chain. The seamless integration of TON with Telegram's vast user base, coupled with Telegram's nearly 1 billion monthly active users, has laid the foundation for the large-scale adoption of this ecosystem. This plan demonstrates our commitment to supporting innovative projects that will shape the future of Telegram's decentralized applications. We look forward to developers taking advantage of this opportunity to create new utilities that meet the diverse and expanding user needs of Telegram

At TOP, our goal is to provide developers with the tools and resources they need to create impactful and scalable solutions on TON, "said Andrey Klebanov, Managing Director of TOP." By partnering with OKX Ventures and Folius, we further provide developers with financial and professional support to help them achieve transformative projects in Telegram's thriving Web3 ecosystem

Jason Kam, founder of Folius Ventures, said, "Since the establishment of Folius, our core goal has been to achieve widespread user adoption by significantly reducing the friction between entry and on chain operations. We see great potential for TON and Telegram to achieve this goal. The impact of the TON ecosystem on the entire Web3 field is enormous and self-evident, and we look forward to contributing to large-scale adoption by supporting this growth center program

The Telegram Growth Hub is an important step in promoting innovation within the rapidly growing Telegram ecosystem. As Telegram's user base grows at a rate of approximately 2.5 million new users per day, the fund aims to leverage this growth trend to drive the development of next-generation products and achieve large-scale user adoption.

About OKX Ventures

OKX Ventures is the investment arm of OKX, a leading global cryptocurrency exchange and Web3 technology company, dedicated to exploring the best blockchain projects worldwide, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value. OKX Ventures is committed to supporting entrepreneurs who contribute to the development of the blockchain industry, helping them establish innovative companies, and bringing global resources and historical experience to blockchain projects. To learn more about OKX Ventures, please click here: https://www.okx.com/zh-hans/ventures .

About The Open Platform (TOP)

The Open Platform (TOP) is a venture capital and venture capital construction platform focused on early-stage TON public chain projects. TOP provides developers with a one-stop toolkit for funding, professional knowledge, and technical resources, including wallets, developer resources, SDKs, APIs, and marketplaces, among other key tools, to help developers build scalable Web3 products for widespread adoption. For more information, please visit: https://top.co .

About Folius Ventures

Folius Ventures was founded in September 2021 and is a hybrid investment fund focused on the Web3 market in the Asia Pacific region, with a preference for small market value or seed/early-stage projects. The company is headquartered in Asia and mainly invests in the application layer, including B2C applications, games, centralized exchanges, and other products with clear business models and cash flow potential. For more information about Folius Ventures, please visit its official website: https://www.folius.ventures/

Disclaimers

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