{"id":96022,"date":"2024-10-09T20:04:43","date_gmt":"2024-10-10T00:04:43","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=96022"},"modified":"2024-10-09T20:06:13","modified_gmt":"2024-10-10T00:06:13","slug":"gate-io-invests-to-boost-telegram-projects","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/gate-io-invests-to-boost-telegram-projects\/","title":{"rendered":"Gate.io Invests $10m in TON to Boost Telegram Projects"},"content":{"rendered":"\n

The Open Network blockchain<\/a> has seen a strategic investment from Gate.io, to collaborate to support initiatives built on Telegram.\u00a0Gate.io Invests $10m in TON to Boost Telegram Projects
<\/p>\n\n\n\n

\"Gate.io
Gate.io Invests $10m in TON to Boost Telegram Projects<\/figcaption><\/figure>\n\n\n\n

On October 9th, Gate.io disclosed the TON blockchain's $10 million strategic investment<\/a>. The announcement came as the price of Toncoin, one of the cryptocurrencies, was having difficulty rising.<\/p>\n\n\n\n

As per Gate.io, the crypto exchange will work with the TON Foundation to promote the development of web3 and blockchain projects inside the Telegram app as part of the TON investment. <\/p>\n\n\n\n

This coincides with the growing popularity of TON-based initiatives, like as the recent boom in tap-to-earn titles like Catizen and Hamster Kombat<\/a>. Another project that profited from its connection to Telegram is Notcoin (NOT).\u00a0<\/p>\n\n\n\n

Gate.io to support TON ecosystem<\/h2>\n\n\n\n

With its invested money, Gate.io hopes to develop new tools that will spur innovation in all TON-powered Telegram applications. <\/p>\n\n\n\n

Telegram mini-apps for centralized finance are among the exchange's aspirations for the industry. Launching within Telegram, a Gate Wallet is also anticipated to go operational. <\/p>\n\n\n\n

Gate Group will participate in the Hackers League hackathon, which draws top TON ideas and provides up to $2 million in prizes in addition to the $10 million investment. <\/p>\n\n\n\n

During the series of boot camps, developers and companies will concentrate on interoperability solutions like liquidity protocols, cross-chain swaps\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, and bridges. <\/p>\n\n\n\n

The goal is to link various networks and increase TON's adoption, transaction volumes, and total value locked (TVL). <\/p>\n\n\n\n

TON's TVL is currently $720 million, down from a peak of $1.12 billion in July 2024, according to DeFiLlama data<\/a>. An increase in Telegram mini apps preceded part of the TON TVL boom earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Open Network blockchain has seen a strategic investment from Gate.io, to collaborate to support initiatives built on Telegram.\u00a0Gate.io Invests $10m in TON to Boost Telegram Projects On October 9th, Gate.io disclosed the TON blockchain’s $10 million strategic investment. The announcement came as the price of Toncoin, one of the cryptocurrencies, was having difficulty rising. […]<\/p>\n","protected":false},"author":43,"featured_media":96023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[11870,11865,10864],"class_list":["post-96022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-gate-io","tag-telegram-2","tag-ton"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/croc_1728516243864.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=96022"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/96023"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=96022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=96022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=96022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}