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KuCoin Ventures to Provide $20K Grant to TON Ecosystem

The investment arm of crypto exchange KuCoin will provide a $20,000 grant to the TON network to fund ongoing initiatives in the ecosystem, a KuCoin spokesperson said by email. "The first phase of our partnership involves a $20,000 grant, which will be allocated to five TON-based mini-apps," the spokesperson said. "Meanwhile, we are in discussion with TON for more collaborations." The mini-apps focus on payments and gaming, according to a Friday announcement. In the statement, KuCoin Ventures said it is aiming "to blaze a trail for the future of collaboration between exchanges and public chains." The news may be a further signal of growing momentum around Web3 developments on TON.

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