DWF Labs commits to allocating $10m to support the growing TON ecosystem. In addition, a total of 50 seed investments are scheduled over the next 12 months. Every investment is designed to accelerate the growth of TON and its projects.
Furthermore, DWF Labs intends to increase the number of TON ecosystem participants by improving the TONcoin volume across supporting platforms. Currently, TONcoin has a trading volume of up to $20 million. That number will double within the first three months of the partnership.
Afterward, DWF Labs will work towards increasing the volume further. To do so, a reliable OTC market will be developed to let buyers and sellers complete large transactions.
DWF Labs and TON will embark on a long-term partnership featuring extensive cooperation between TON and DWF Labs.
Partnering with DWF Labs is the latest milestone for the TON Foundation. Earlier, they achieved cooperation with Huobi Group and KuCoin Ventures. In addition, the TON ecosystem notes accelerating growth, with TON Sites and TON proxy being the latest additions. Those two features and tools are crucial to unlocking the future of a decentralised internet.
These releases follow the announcement of an update @wallet bot in Telegram from independent TON developers. It enables the creation of a P2P cryptocurrency marketplace and is a step towards the widespread adoption of cryptocurrencies and blockchain technology by ordinary users.
Also Telegram recently launched a tokenised username marketplace built on the TON blockchain.
About DWF Labs
DWF Labs is a global leading digital asset market maker and multi-stage web3 investment firm, providing support from token listing to market making to OTC trading solutions. DWF Labs seeks to invest and support bold founders who want to build the future of Web3.
DWF Labs is present in Singapore, Switzerland, South Korea, the BVI, and the UAE and trades almost 1,000 pairs with a daily volume that places DWF Labs among the top 5 ranking entities trading on the world’s top 40 exchanges.
About The Open Network (TON)
The Open Network is a third-generation proof-of-stake blockchain initially designed in 2018 by the Durov brothers, the founders of Telegram Messenger. Later, it was handed over to the open TON Community, which has been supporting and developing it ever since.
TON was designed for lightning-fast transactions. It’s ultra-cheap, user-friendly, and fully scalable. The TON Foundation is a non-commercial group of supporters and contributors who help further grow the TON blockchain.