OKX Ventures has made a significant move in the blockchain space by partnering with The Open Platform (TOP) and Folius Ventures to launch a $10 million Telegram Growth Hub.
This strategic initiative according to the official announcement, is specifically designed to boost innovation in the TON blockchain and expand Telegram’s mini-app ecosystem.Â
The timing of this launch is particularly significant, as Telegram continues to experience remarkable growth, adding approximately 2.5 million new users daily.
This substantial user base growth presents an unprecedented opportunity for developing next-generation products aimed at mass adoption, making the Growth Hub’s launch both timely and strategic.
Key Focus Areas and Development Priorities
The Telegram Growth Hub has outlined three primary areas of focus that will drive its investment and support strategy.
First, the hub will prioritize user onboarding and educational tools, supporting projects that create intuitive UI/UX experiences and educational resources to make TON more accessible to new users.
Secondly, it aims to give keen attention to developing trading capabilities amid key networks. In addition, initiatives for on-chain trading features such as DEX and NFT trading, as well as liquid staking and advanced trading functionalities will be added.
Third, the hub will support the expansion of the mini-app ecosystem, particularly focusing on innovative applications in gaming and entertainment that will broaden TON’s use cases and enhance user engagement.
Comprehensive Support Package
Selected projects will receive an extensive support package that goes well beyond mere financial backing. Participants will gain access to capital specifically earmarked for talent acquisition and community building initiatives.
They will also receive access to OKX Connect, a powerful new solution designed to streamline wallet integration for developers building on TON.
Additionally, projects will benefit from TOP’s comprehensive toolbox of developer resources and infrastructure, including access to Tonkeeper, TON Apps API, Playdeck, Ton App Chain, Ston.fi, and the Getgems NFT Platform.
This robust infrastructure support is designed to help projects build, scale, and engage users effectively on the TON platform.
Program Structure and Application Process
The Telegram Growth Hub has structured its initiative as a two-month acceleration program that will select up to 10 promising projects for participation.
These selected teams will be eligible to receive funding from the $10 million fund and will benefit from mentorship, guidance, and networking opportunities with experts in the field.
The program is set to provide adequate support and facilitate introductions to key stakeholders within the aid of OKX, TOP, and Folius Ventures networks.
Interested projects can submit their applications until November 29, 2024, through the provided application portal.
This structured approach ensures that the most promising projects receive the support they need to contribute meaningfully to the TON ecosystem’s growth and development.
Also Read: Gate.io Injects $10M Into TON Blockchain, Telegram Project Set for Major Boost