OKX Ventures has invested $5 million in TON Ventures to drive the development of the next generation Telegram native application.
Source: OKX
On December 10, 2024, OKX Ventures, the investment arm of the world's leading cryptocurrency exchange and blockchain technology company OKX, announced a $5 million investment in TON Ventures. TON Ventures is a venture capital fund focused on accelerating the growth of The Open Network (TON) blockchain ecosystem. This investment aims to build a network of seasoned developers to drive best practices in TON application development.
This initiative complements the $10 million Telegram Growth Hub launched by OKX Ventures in partnership with The Open Platform and Folius Ventures, with a focus on enhancing technical expertise and development standards. Leveraging the direct reach of Telegram's 9.5 billion monthly active users, as well as successful mini-apps like Notcoin, OKX Racer, and Catizen, TON demonstrates strong potential for mass adoption.
TON Ventures, led by former TON Foundation executives Ian Wittkopp (Head of Acceleration Programs) and Inal Kardan (Head of Gaming), is dedicated to supporting early-stage consumer applications built on TON, with a focus on decentralized finance, gaming, creator economy, and infrastructure projects. The fund has already made significant strides in early investments, including supporting platforms like DeLabs and Goat Gaming, driving the development of creator economy infrastructure such as Memetics, and helping the Telegram community create a mini economy. In addition, TON Ventures has also invested in AI applications like Grably, which leverage TON and Telegram to access data and support AI models.
Jeff Ren, Partner at OKX Ventures, said: "As an early supporter of TON, our investment and partnership with TON Ventures further demonstrate our commitment to nurturing a community of skilled developers. The TON ecosystem requires developers who not only understand technical best practices but also deeply grasp the user experience needs of Telegram's native applications. This investment, along with our recent launch of the Telegram Growth Hub, reflects our long-term confidence in TON's potential to drive mainstream adoption of blockchain technology. We look forward to deepening our collaboration with the founding team of TON Ventures, whose expertise in the ecosystem will be a key driver in expanding the next generation of TON-native applications."
TON Ventures Partner Ian Wittkopp stated, "The OKX Ventures team has been one of the earliest supporters to recognize the core value of TON, which combines Telegram's social network with TON's blockchain technology, aiming to build a vibrant Web3 consumer app ecosystem that attracts millions of users. They have excelled in attracting top developers and providing funding support, driving the rapid growth of the TON ecosystem. We are excited to deepen our collaboration with the OKX Ventures team and look forward to years of close cooperation."
TON Ventures has successfully raised a $40 million seed fund led by founders Ian and Inal, leveraging their deep ecosystem expertise. The fund typically invests up to $500,000 in early-stage projects while remaining flexible to larger investment opportunities. Over the next few months, TON Ventures will focus on supporting core gaming experiences, expanding creator monetization tools, and advancing further growth in the TON decentralized finance space.
About OKX Ventures
OKX Ventures is the investment arm of OKX, a leading global cryptocurrency exchange and Web3 technology company, focused on discovering quality blockchain projects worldwide. OKX Ventures supports cutting-edge technological innovations, drives the healthy development of the blockchain industry, and invests in projects with long-term value. OKX Ventures is dedicated to supporting entrepreneurs in the blockchain industry, helping them build innovative businesses and providing global resources and rich experience to projects. For more information, visit the OKX Ventures website.
About TON Ventures
TON Ventures is a leading venture capital firm dedicated to advancing innovation in The Open Network (TON) ecosystem, supporting early-stage innovative startups built in the unique design space of TON and Telegram. TON Ventures offers financial investment, operational support, ecosystem expertise, and networking opportunities with top global industry partners for projects. By fostering close collaboration between investors and projects, TON Ventures is committed to accelerating the mass adoption of decentralized technology and empowering the next generation of Web3 entrepreneurs. For more information, visit here.
Disclaimer
This article may contain content related to products not applicable to your region. The article is intended to provide general information only and is not responsible for any factual errors or omissions. The article represents the author's personal views and not those of Euro Exchange. The article does not intend to provide any advice, including but not limited to: (i) investment advice or recommendations; (ii) solicitation or offer to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Holding digital assets (including stablecoins and NFTs) involves high risks, may experience significant fluctuations, and may even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. For questions specific to your situation, please consult your legal/tax/investment professional. The information presented in this article (including market data and statistics, if any) is for general informational purposes only. While we have taken all reasonable precautions in preparing this data and charts, we assume no responsibility for any factual errors or omissions expressed here. Euro Exchange's Web3 features, including the Euro Exchange Web3 Wallet and Euro Exchange NFT Marketplace, are governed by OKX's separate terms of service.
This article is contributed content and does not represent the views of BlockBeats
You may also like

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

Iran War Stalemate: What Signal Should the Market Follow?

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?

Insider Trading Alert! Will Trump Call a Truce by End of April?

After establishing itself as the top tokenized stock, does Ondo have any new highlights?

BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore

OpenClaw Founder Interview: Why the US Should Learn from China on AI Implementation
WEEX AI Wars II: Enlist as an AI Agent Arsenal and Lead the Battle
Where the thunder of legions falls into a hallowed hush, the true kings of arena are crowned in gold and etched into eternity. Season 1 of WEEX AI Wars has ended, leaving a battlefield of glory. Millions watched as elite AI strategies clashed, with the fiercest algorithmic warriors dominating the frontlines. The echoes of victory still reverberate. Now, the call to arms sounds once more!
WEEX now summons elite AI Agent platforms to join AI Wars II, launching in May 2026. The battlefield is set, and the next generation of AI traders marches forward—only with your cutting-edge arsenal can they seize victory!
Will you rise to equip the warriors and claim your place among the legends? Can your AI Agent technology dominate the battlefield? It's time to prove it:
Arm the frontlines: Showcase your technology to a global audience;Raise your banner: Gain co-branded global exposure via online competition and offline workshops;Recruit and rally troops: Attract new users, build your community and achieve long-term growth;Deploy in real battle: Integrate with WEEX’s trading system for real market use and get real feedback for rapid product iteration;Strategic rewards: Become an agent on WEEX and enjoy industry leading commission rebates and copy trading profit share.Join WEEX AI Wars II now to sound the charge!
Season 1 Triumph: Proven Global DominanceWEEX AI Wars Season 1 was nothing short of a decisive conquest. Across the digital battlefield, over 2 million spectators bore witness to the clash of elite AI strategies. Tens of thousands of live interactions and more than 50,000 event page visits amplified the reach, giving our sponsors a global stage to showcase their power.
Season 1 unleashed a trading storm of monumental scale, where elite algorithmic warriors clashed, shaping a new era in AI-driven markets. $8 billion in total trading volume, 160,000 battle-tested API calls — we saw one of the most hardcore algorithmic trading armies on the planet, forging an ideal arena for strategy iteration and refinement.
On the ground, workshop campaigns in Dubai, London, Paris, Amsterdam, Munich, and Turkey brought AI trading directly to the frontlines. Sponsors gained offline dominance, connecting with top AI trader units and forming strategic alliances. Livestreams broadcast these battles worldwide, amassing 350,000 views and over 30,000 interactions, huge traffic to our sponsors and partners.
For Season 2, WEEX will expand to even more cities, multiplying opportunities for partners to assert influence and command the battlefield, both online and offline.
Season 2 Arsenal: Equip the Frontlines and Command VictoryBy enlisting in WEEX AI Wars II as an AI Agent arsenal, your platform can command unprecedented visibility, and extend your influence across the world. This is your chance to deploy cutting-edge technology, dominate the competitive frontlines, and reap lasting rewards—GAINING MORE USERS, HIGHER REVENUE, AND LONG-TERM SUPREMACY IN THE AI TRADING ARENA.
Reach WEEX’s 8 million userbase and global crypto community. Unleash your potential on a global stage! This is your ultimate opportunity to skyrocket product visibility and rapidly scale your userbase. Following the explosive success of Season 1—which crushed records with 2 million+ total exposures, your brand is next in line for unparalleled reach and industry-wide impact!Test and showcase your AI Agent in real markets. Throw your AI Agents into the ultimate arena! Empower elite traders to harness your tech through the high-speed WEEX API. This isn't just a demo—it's a live-market battleground to stress-test your algorithms, gather mission-critical feedback, and prove your product's dominance in real-time trading.Gain extensive co-branded exposure and traffic support. Command the spotlight! As a partner, your brand will saturate our entire ecosystem, from viral social media blitzes to global live streams and exclusive offline workshops. We don't just show your logo; we ensure your brand is unstoppable and unforgettable to a massive, global audience.Enjoy industry leading rebates. Becoming our partner is not a one-time collaboration, but the start of a long-term, mutually beneficial relationship with tangible revenue opportunities.Comprehensive growth support: WEEX provides partners with exclusive interviews, joint promotions, and livestream exposure to continuously enhance visibility and engagement.By partnering with WEEX, your platform gains high-quality exposure, more users and sustainable flow of revenue. The Hackathon is more than a competition. It is a platform for innovation, collaboration, and tangible business growth.
Grab Your Second Chance: Join WEEX AI Wars II TodayThe second season of the WEEX AI Trading Hackathon will be even more ambitious and impactful, with expanded global participation, livestreamed competitions, and workshops in more cities worldwide. It offers AI Agent Partners a unique platform to showcase their technology, engage with top developers and traders, and gain global visibility.
We invite forward-thinking partners to join WEEX AI Wars II now, to demonstrate innovation, create lasting impact, foster collaboration, and share in the success of the next generation of AI trading strategies.
About WEEXFounded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.
Follow WEEX on social mediaX: @WEEX_Official
Instagram: @WEEX Exchange
Tiktok: @weex_global
Youtube: @WEEX_Official
Discord: WEEX Community
Telegram: WeexGlobal Group

Nasdaq Enters Correction Territory | Rewire News Morning Brief

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox

One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?

Bittensor vs. Virtuals: Two Distinct AI Flywheel Mechanisms

Forbes: Why Is the Cryptocurrency Industry So Enthusiastic About AI Oracles?

Ethereum Foundation publishes: Restructuring the division of labor between L1 and L2, jointly building the ultimate Ethereum ecosystem

Morning Report | Startale completes $63 million Series A financing; STS Digital launches structured cryptocurrency platform; Polymarket will charge a taker fee on almost all trading categories

The most important thing in Web3 primary market investment

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution

