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TON - Undisclosed
Overview
Funding Date
October 4, 2023
Financing amount
--
Valuation
--
Catagory
About TON - Undisclosed
TON has raised an eight-figure investment from MEXC Ventures. In conjunction with the funding, MEXC and the TON Foundation have entered into a strategic partnership aiming to promote global Web3 accessibility by lowering the barriers of entry. Additionally, MEXC Ventures will continue funding TON-based mini apps in addition to its ongoing support of TON-based projects.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Argentina | 2018 | 69 | investment@mexc.com |
Founders & Team
Nikolai Durov
Pavel Durov
Company Profile / Project Introduction
TON is a fifth-generation proof-of-stake blockchain designed by Telegram and led by an open community of developers. The Open Network (TON) is a decentralized and open internet platform made up of several components. These include: TON Blockchain, TON DNS, TON Storage, and TON Sites. TON Blockchain is the core protocol that connects TON’s underlying infrastructure together to form the greater TON Ecosystem. TON is focused on achieving widespread cross-chain interoperability, while operating in a highly scalable secure framework. TON is designed to process millions of transactions per second (TPS), with the goal of eventually reaching hundreds of millions of users moving forward.