- TON Accelerator has debuted a new incubation program.
- The program’s launch followed TON’s remarkable growth in 2024.
- The program will target five “promising” crypto startups.
TON Accelerator has launched a new incubation program, TON:Acc, for promising crypto startups building on The Open Network (TON) blockchain.
The program’s debut follows the network’s considerable growth in 2024 amid challenges. Per DeFiLlama, TON’s total value locked (TVL) surged from $13.5 million in January to over $350 million in September as the number of its active addresses surpassed Ethereum’s. At the same time, TON suffered two outages in August due to a spike in transaction volume following the meme coin DOGS launch.
TON Accelerator’s New Incubation Program
Despite the challenges, TON Ventures is keen to support the network’s growth by providing financial support and strategic guidance to five high-potential projects in the TON ecosystem, enabling them to bring their ideas to fruition and navigate the market effectively.
Sponsored
According to a September 3 statement, the five projects will receive an investment of up to $2.5 million through the incubation program, after which TON Ventures will provide them with comprehensive support over the next three months. This includes access to essential knowledge, resources, and networking opportunities with TON Ventures’ partners.
“TON:Acc will help projects find a clear route to market, providing them with the funding, expertise, and support they need to become the next billion-dollar project on TON.” Sophia Rusconi, Head of TON Accelerator, said.
Per the statement, TON Ventures will further bolster the program with the launch of a new ecosystem incubation platform named TON: Acc Portal. The platform seeks to provide early-stage projects with better access to support while giving investors a chance to back them.
Stay updated on how TON is bringing Web3 to a billion Telegram users:
How TON is Bringing Web3 to a Billion Telegram Users: Report
Read about TON Foundation’s partnership with Mocaverse:
TON Foundation Taps Mocaverse in a $20M Strategic Initiative
