The native launchpad of revolutionary blockchain technology, The Open Network (TON), is pleased to announce that it has just closed a $1.5 million seed round for Tonstarter as its Primary Fundraising Platform.
“We are delighted to announce today the closure of a seed round of $1.5 million,” Founder of Tonstarter Alex Plotvinov said, expressing his delight at the new milestone.
While it has led and concluded the seed round, Tonstarter is focused on providing support for numerous projects utilizing TON. This innovative technology seeks to unify all blockchains and Web2 internet into a single open network.
“As the main fundraising platform on TON, Tonstarter will nourish and support so many amazing projects in the TON ecosystem, offering expertise and a network while also connecting builders with relevant investors and advisors. We aim to make investments in blockchain projects that are transparent, streamlined and at scale,” Plotvinov added.
As such, it will utilize the proceeds from the seed round to support a diverse range of projects within the TON ecosystem, which was created to enable billions of Telegram users to experience authentic Web3. The platform has revealed plans to prioritize sectors such as decentralized finance (DeFi), decentralized exchanges (DEXs), non-custodial wallets, lending and borrowing protocols, gaming, and the metaverse.
Also, it noted that startups and projects that it had incubated would be able to leverage easier accessibility to the Telegram App, giving them access to the social network’s vast user base of 700 million users, which was initially introduced by the Telegram team.
In addition to this, Tonstarter Launchpad has achieved a significant milestone by conducting a successful Initial DEX Offering (IDO) and airdrops, enabling projects to raise capital and establish a community. The platform has already attracted over 50,000 community members, indicating a promising future for Tonstarter Launchpad and the projects it supports.
