{"id":98930,"date":"2024-11-05T02:56:16","date_gmt":"2024-11-05T06:56:16","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=98930"},"modified":"2024-11-05T02:57:13","modified_gmt":"2024-11-05T06:57:13","slug":"ton-accelerator-launches-cross-chain-product-initiative","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ton-accelerator-launches-cross-chain-product-initiative\/","title":{"rendered":"TON Accelerator Launches Cross-Chain Product Growth Initiative"},"content":{"rendered":"\n

A new initiative has been introduced by TON Accelerator to speed up innovation and acceptance inside the TON ecosystem.<\/a>\u00a0<\/p>\n\n\n\n

\"TON
TON Accelerator Launches Cross-Chain Product Growth Initiative<\/figcaption><\/figure>\n\n\n\n

The TON Accelerator team announced on November 4 that a $5 million initiative has begun, providing strategic support to selected enterprises as they develop on the TON blockchain. <\/p>\n\n\n\n

Mantle EcoFund and TON Ventures are supporting the project. This debut coincides with the ongoing notable expansion of the blockchain network backed by Telegram, which is driven by a thriving crypto gaming environment. <\/p>\n\n\n\n

Bullish predictions for the Toncoin token have even extended to ventures like Hamster Kombat<\/a> and Catizen as the overall value locked within TON's ecosystem increases.\u00a0\u00a0<\/p>\n\n\n\n

TON Accelerator introduces “Synergy” <\/h2>\n\n\n\n

“Cohort 2.0: Synergy” has been created by the TON Accelerator to spur growth as more projects aim to leverage decentralized applications<\/a> on TON to reach Telegram's 950 million users. <\/p>\n\n\n\n

Five businesses were given financial and practical support in the first incubation program, a $2.5 million cohort that began in September. <\/p>\n\n\n\n

The goal was to assist these projects in moving from concept to product. The most recent cohort, Synergy, aims to expand on this original offering. <\/p>\n\n\n\n

A $5 million fund established by TON Ventures will support chosen businesses and provide mentorship and advice. <\/p>\n\n\n\n

Through these efforts, TON Accelerator hopes to promote product development and cross-chain innovation in TON and the layer-2 scaling solution\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> Mantle. <\/p>\n\n\n\n

This initiative will help release a potential $90 billion in cross-chain liquidity and connect the TON ecosystem with Telegram's approximately 1 billion users. <\/p>\n\n\n\n

Staking, cross-chain gambling, and decentralized finance are important areas of concentration. The TVL in the ecosystem of TON has now risen to more than $707 million. <\/p>\n\n\n\n

According to DeFiLlama data<\/a>, the TVL was approximately $75 million at the beginning of the year and rose to $1.13 billion in June.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new initiative has been introduced by TON Accelerator to speed up innovation and acceptance inside the TON ecosystem.\u00a0 The TON Accelerator team announced on November 4 that a $5 million initiative has begun, providing strategic support to selected enterprises as they develop on the TON blockchain. Mantle EcoFund and TON Ventures are supporting the […]<\/p>\n","protected":false},"author":43,"featured_media":98931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[22678,10864,22677],"class_list":["post-98930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cross-chain-product","tag-ton","tag-ton-accelerator"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/croc_1730785238002.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98930","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=98930"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/98931"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=98930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=98930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=98930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}