KuCoin Ventures Dan TON Foundation Jalin Kemitraan Strategis Untuk Dukung Ekosistem TON

KuCoin is in partnership with the TON Foundation. (Photo; Doc. UToday)

JAKARTA - KuCoin, a global crypto platform, through its investment division KuCoin Ventures, announced a strategic partnership with The Open Network (TON) Foundation, a public blockchain network that is integrated with messaging applications Telegram. This partnership aims to support and expand the TON ecosystem by providing a grant of 20,000 US dollars (Rp309.1 million).

TON is a third-generation blockchain network that offers high scalability, interoperability, and security. TON also allows mini-app development, which is a lightweight application that can be run on Telegram without the need to download or install. TON-based Mini-apps can offer a variety of services and functions, ranging from payments, GameFi, to NFT.

KuCoin Ventures, as one of the leading investors in the crypto and blockchain space, is committed to supporting the innovation and development of the TON ecosystem. KuCoin Ventures will allocate its grant funds to finance five TON-based mini-apps, focusing on the payment system revolution and the innovation of the GameFi platform in Web3 space.

Ian Wittkopp, Head of the Accelerator TON Foundation, welcomed this partnership and said, "Today's partnership with KuCoin Ventures is an acceleration point in the momentum of mini-app development on The Open Network... KuCoin Ventures' efforts are in line with TON's vision for a digital future that is more accessible and decentralized to everyone."

Alicia Kao, President Director of KuCoin, also expressed her enthusiasm and emphasized the potential of blockchain TONS in revolutionizing the industry. She said, "We are excited to partner with the TON Foundation to support the growth and development of the TON ecosystem. This strategic alliance is in line with our mission to promote further development in the crypto and blockchain industry through closer cooperation."

In addition to supporting mini-app development, KuCoin Ventures also plans to participate in various other important initiatives in the TON ecosystem, such as Future3 Campus and TON Bootcamp, which are incubation programs that encourage innovation, research, and development to raise TON awareness.

This partnership shows KuCoin's commitment to encouraging innovation and development of a decentralized ecosystem. Previously, KuCoin had also invested in the credit platform Credora and supported CNHC stablecoin publishers.

The partnership between KuCoin Ventures and the TON Foundation also reflects broader trends in the blockchain world, where crypto exchanges are increasingly involved in strategic partnerships with significant financial investments. These measures aim to strengthen innovation and drive the expansion of a decentralized ecosystem. Another example involves the exchange of Binance and OKEx, which partners with Polygon to increase the scalability and accessibility of decentralized applications.