Bitget and Foresight Ventures Launch $20 Million TON Ecosystem Fund

Bitget has reportedly announced a $20 million TON Ecosystem Fund with Foresight Ventures to support early-stage open network (TON)-based projects and foster innovation and growth in the TON ecosystem.

Bitget's TON Ecosystem Fund follows the launch of the Telegram Signal Bot in May. As an extension of the Bitget ecosystem, Bitget Wallet has completed the integration of the TON mainnet and added support for TON Connect, which allows users to connect to TON-related DApps, as well as the Tap2Earn section, which brings together various Tap2Earn projects within the TON ecosystem.

According to Delphi Digital, the TON ecosystem has grown thanks to Telegram's massive 900 million user base, which has allowed the number of daily active addresses on TON to surpass that of Ether. According to Tether's official transparency page, authorized USDT issuance on the TON blockchain has grown to approximately $580 million, making it the sixth-largest USDT-issuing public chain after TRON, Ether, Solana, Avalanche, and Omni.