Bitget, a cryptocurrency exchange and Web3 company, and Foresight Ventures, a Web3 investment firm, made a strategic investment of $30 million into The Open Network (TON Blockchain).
This investment will be allocated through the acquisition of TON tokens, and it will further accelerate the adoption of Tap-to-Earn, GameFi, and new emerging trends within the TON ecosystem. With the $30 million investment, Bitget and Foresight Ventures will engage in the governance and future development plans of the TON blockchain, supporting the emergence and go-to-market of more dApps on TON.
The TON-based projects present a strong use case for the Telegram ecosystem, which has seen substantial growth in recent years as it expands its offerings for Web3 startups.
The commitment to the TON blockchain comes at a time when Bitget has witnessed remarkable growth in its user base. By focusing on ecosystem development and expanding its services, Bitget has grown its global user count to 45 million in Q3 2024, almost doubled in the past 12 months. This surge is partly attributed to the increasing demand for innovative projects, particularly those driven by platforms like TON.
In 2024, Bitget Wallet contributed to the TON ecosystem with TONNECT 2024, a major online event aimed at accelerating the growth of emerging dApps in the TON ecosystem. Thanks to TON’s growing user interest in Bitget’s decentralized wallet, Bitget Wallet continuously topped the charts amongst all apps in Nigeria taking over apps such as TikTok and WhatsApp on Apple’s App Store.
FinSMEs
20/09/2024