On October 30, 2024, OKX Ventures, The Open Platform (TOP) and Folius Ventures announced the launch of the $10 million Telegram Growth Hub. Telegram Growth Hub will fund and support projects on TON that increase user engagement, aiming to promote innovation in the Telegram ecosystem and expand Telegram's Mini Apps ecosystem.
"Telegram Growth Hub" will focus on three key areas:
User Onboarding and Education Tools: Simplify user onboarding through intuitive UI/UX and educational tools, allowing new users to easily access Telegram ecosystem projects
Transaction-related: Develop on-chain transaction functions, including DEX and NFT transactions, liquidity staking and other advanced transaction functions.
Mini AppsEcosystem Expansion: Promote Telegram's innovative Mini Apps, including games and entertainment applications that expand TON user scenarios.
Selected projects will receive comprehensive support, including:
Funding for talent recruitment and community building
Access to OKX’s developer resources, such as OKX Connect, a new solution to simplify wallet integration for TON developers
Access to TOP’s development toolkit and infrastructure support, including Tonkeeper, TON Apps API, Playdeck, Ton App Chain, Ston.fi and Getgems NFT platform, to help rapidly expand users on TON
Guidance from experts, networking, marketing assistance, and the opportunity to be introduced to partners at OKX, TOP and Folius Ventures
"Telegram Growth Hub" will select up to 10 potential projects to enter a two-month acceleration program. The selected teams will be eligible for funding from a $10 million fund. The application deadline is November 29, 2024. To apply, please visit: https://tally.so/r/mJk9R7
Jeff Ren, Partner at OKX Ventures, said: "We have long recognized the huge potential of the Telegram ecosystem and the importance of its choice of TON as the public chain of choice. TON's seamless integration with Telegram's large user base, coupled with Telegram's nearly 1 billion monthly active users, lays the foundation for mass adoption of the ecosystem. This program demonstrates our commitment to supporting innovative projects that will shape the future of decentralized applications on Telegram. We look forward to developers using this opportunity to create new utilities to meet the diverse and expanding needs of Telegram's users."
Andrey Klebanov, Managing Director of TOP, said: "At TOP, our goal is to provide developers with the tools and resources they need to create impactful and scalable solutions on TON. By working with OKX Ventures and Folius, we further provide developers with financial support and professional support to help them realize transformative projects in Telegram's thriving Web3 ecosystem."
Jason Kam, founder of Folius Ventures, said: "Since the founding of Folius, our core goal has been to achieve widespread user adoption by significantly reducing the friction of onboarding and on-chain operations. We see great potential in TON and Telegram to achieve this goal. The impact of the TON ecosystem on the entire Web3 space is huge and self-evident, and we look forward to contributing to mass adoption by supporting this growth center initiative."
The "Telegram Growth Hub" is an important step in promoting innovation in the rapidly growing Telegram ecosystem. With Telegram's user base growing at a rate of approximately 2.5 million new users per day, the fund aims to capitalize on this growth trend and drive the development of next-generation products to achieve large-scale user adoption.