TVM Ventures Launches $100 Million Fund for TON Development

TVM Ventures has unveiled a $100 million fund to accelerate The Open Network (TON) ecosystem, aiming to reduce its reliance on Layer 2s and sidechains. The fund seeks to equip startups and enterprises with the necessary capital and infrastructure to drive mass adoption of TON’s base layer.

Shifting Focus to TON’s Native Blockchain

TON Foundation board member Steve Yun emphasized the importance of prioritizing development on TON’s native blockchain rather than external Layer 2 networks. According to Yun, failing to build TON’s infrastructure could turn it into just another Ethereum Virtual Machine (EVM) Layer 2, reliant on recycled smart contracts from Ethereum.

Investment Areas and Strategic Goals

TVM Ventures has outlined three key investment areas:
Key Highlights:
  • Decentralized finance (DeFi) infrastructure: Supporting projects offering banking-like services on TON.
  • Cross-border payments: Addressing inefficiencies in remittances and global payments.
  • Security improvements: Collaborating with security auditors to enhance safety across the TON Virtual Machine.

Telegram’s Deepening Integration with TON

Telegram and TON have strengthened ties, with Telegram mini-apps now required to use TON for crypto transactions. Popular tap-to-earn games like Hamster Combat and Notcoin have drawn hundreds of millions of users to the network, reinforcing its ecosystem.

TON’s Long-Term Vision

Yun stressed that TON stands at a crossroads—either relying on external Layer 2s or committing to its own chain. By choosing the latter, TON aims to build a decentralized, secure, and liquidity-rich blockchain, preventing fragmentation and enhancing adoption.
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