Pioneering venture capital and research institution Bing ventures announced that it will fully support the TON ecosystem in its business capabilities and networks, including but not limited to investment, resource sharing, project consulting, etc.
TON is a Layer 1 network originally initiated by Telegram, and later managed by the open source community. Through its unique integration with the communication software Telegram, TON can provide multiple functions for a wide range of applications in multiple categories on the basis of speed and scalability. Bruce Lan, general partner of Bing Ventures, said that the Bing Ventures team believes that TON will become a pioneer in leading Web3 to achieve large-scale applications.
As part of the program, Bing Ventures will invest in innovative projects and teams that leverage the unique advantages of the TON blockchain to connect the Web2 and Web3 worlds, and provide financing assistance to projects that emerge from the TON Accelerator, including introductions to potential investors. Leveraging the team's strong research and data analysis capabilities, Bing Ventures will also contribute to the TON Accelerator through research-based mentorship, training, and project consulting.
In addition, in line with Bing Ventures' vision of "powering disruptive innovation and promoting large-scale applications", the organization will also plan and execute educational and effective entrepreneur and start-up empowerment activities around the world to support builders of the TON ecosystem and the broader crypto field.
As part of the plan, leading centralized exchange BingX will also help increase the visibility of TON ecosystem projects through token listing, liquidity provision, customized integration, marketing promotion activities, etc.
Prior to Bing Ventures, several institutional investors and organizations have expressed their support for the TON blockchain, including Animoca Brands and Pantera Capital. As of press time, TON's locked value (TVL) has exceeded US$500 million, an increase of more than 2,000% from the record of US$22.9 million in March 2024.
About Bing Ventures
Bing Ventures is a pioneering venture capital and research firm affiliated with the crypto exchage BingX. Founded in 2021, Bing Ventures is committed to supporting disruptive blockchain and crypto technology startups and outstanding fund managers that drive innovation.
Adhering to the value investment philosophy of no restrictions on sectors, Bing Ventures' investment portfolio has reached more than 50 companies, covering many fields such as infrastructure, DeFi, GameFi, Web3, etc., including but not limited to Avail, Berachain, Manta Network, Pixelmon, Unisat and Solv Protocol.
Bing Ventures is also a limited partner (LP) in many leading crypto funds, including funds managed by Hack VC, Bankless Ventures, Maven 11 Capital, IOSG Ventures, Figment Capital, etc.
For more information, visit Bing Ventures | LinkedIn | Twitter .
