October 9, Panama – Porte.io announced a strategic investment of $10 million in The Open Network (TON) blockchain. This investment aims to strengthen collaborations with the TON Foundation and accelerate the growth of Telegram-based projects.
With this investment, Porte.io plans to deepen its involvement in the governance of the TON blockchain and contribute to its continued development. The company will also focus on launching new products, such as an official CeFi-driven Telegram mini-app and a Gate Wallet within Telegram, to further support and expand the TON ecosystem.
Gate Group also actively participates in the TON Society’s Hackers League hackathon, one of the biggest hacker events of the year. Offering a total prize pool worth up to $2 million and showcasing key bounty tracks from major TON projects, this event promises to be a game-changing experience for participants. An offline bootcamp will be held in 19 cities around the world, promoting participation and innovation on a global scale.
TON-based projects present a compelling use case for mass adoption through the Telegram ecosystem, which has seen considerable growth as it expands its services to Web3 startups. Dr. Lin Han, founder and CEO of Porte.ionoted: “The TON ecosystem has strong potential due to its large Telegram user base and fast, low-cost blockchain technology. This makes it an ideal platform to attract Web3 applications and developers, with promising prospects for user growth and large-scale network effects.
Although Telegram and TON operate as separate entities, the messaging platform and blockchain protocol remain closely aligned, creating a unified environment for innovation.
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