Gate.io invests $10 million in TON to boost Telegram projects

The cryptocurrency exchange will contribute to TON’s governance and development by introducing a CeFi-driven Telegram mini-app and integrating Gate Wallet into the messaging platform.

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Gate.io has made a $10 million strategic investment in The Open Network (TON) blockchain, aimed at strengthening collaboration with the TON Foundation and supporting the expansion of Telegram-based projects. The exchange will play a key role in TON’s governance and development, including the introduction of a CeFi-driven Telegram mini-app and Gate Wallet within the messaging platform.

The initiative also sees Gate Group joining the TON Society’s Hackers League hackathon, one of the largest events of its kind, with a $2 million prize pool. The hackathon, spanning 19 cities, aims to drive innovation and global participation in TON-based projects.

With its fast, low-cost blockchain technology and extensive Telegram user base, TON offers a promising platform for Web3 applications and startups, positioning itself for widespread adoption and network growth..