tl;dr
Bing Ventures, a venture capital firm focused on Web3 and crypto, has announced comprehensive support for The Open Network (TON) ecosystem. This includes investment, resource sharing, project advisories, and more. TON, originally designed by Telegram, offers speed, scalability, and unique features. ...
Bing Ventures, a pioneering venture capital and research firm, has announced comprehensive support for The Open Network (TON) ecosystem. This includes investment, resource sharing, project advisories, and more. TON, originally designed by Telegram, offers speed, scalability, and unique features. Bing Ventures will invest in teams and projects leveraging TON, provide fundraising assistance, contribute research-based mentorships, and curate educational events worldwide. Additionally, BingX, a centralized crypto exchange, will support TON ecosystem projects. TON's Total Value Locked has surpassed $500 million.
Bing Ventures, founded in 2021, supports blockchain and crypto ventures and outstanding fund managers. It has a diverse portfolio and is a Limited Partner of leading crypto funds. Bing Ventures aims to support transformative blockchain and crypto ventures and outstanding fund managers driving the next wave of innovations, with a portfolio of more than 50 companies.
TON is a Layer 1 network originally designed by Telegram and continued by the open-source community, offering speed, scalability, and versatility for a wide range of applications. Bruce Lan, General Partner of Bing Ventures, stated that the team believed TON would lead the charge in achieving mass adoption for Web3. Bing Ventures will invest in innovative teams and projects that leverage TON's unique advantages to unite the Web2 and Web3 worlds and provide fundraising assistance, including referrals to potential investors. The firm will also contribute to TON accelerators in terms of research-based mentorships, training, and project advisories. Additionally, Bing Ventures will curate educational events worldwide, supporting founders and entrepreneurs in TON's ecosystem and the broader crypto world.
The initiative will also include BingX, one of the leading centralized crypto exchanges, supporting TON ecosystem projects through token listing, liquidity provision, custom integration, and awareness campaigns to enhance their accessibility. As of the press release, TON's Total Value Locked surpassed $500 million, with a growth rate of over 2,000% from March 2024.
About Bing Ventures: Bing Ventures, affiliated with crypto exchange BingX, supports transformative blockchain and crypto ventures and outstanding fund managers. With a sector-agnostic, value-investing approach, it has a portfolio of more than 50 companies spanning infrastructure, DeFi, GameFi, Web3, and more. Bing Ventures is also a Limited Partner of several leading crypto funds, including those managed by Hack VC, Bankless Ventures, Maven 11 Capital, IOSG Ventures, and Figment Capital.
More about ZEEKR Intelligent Technology Holding Limited
ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of electric vehicles and batteries.
Industry: Technology
Sector: General
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