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Home BREAKING NEWS

TON Foundation Announces Telegram Grants Initiative

by BlockNews Team
September 5, 2023
in BREAKING NEWS, BUSINESS, CRYPTO
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  • Projects going through the grants program can receive up to $50,000 in TON, and different grants cater to DApps at varying stages of development.
  • There are three grant types: A, B, and C. Types A and B are designed for early-stage development projects seeking initial funding, and Type C provides more significant amounts of funding for more established projects.

TON has announced the Telegram Web3 Grants program, aimed at accelerating the expansion of the TON ecosystem within Telegram Messenger. Grants have been categorized into four distinct types, accommodating projects at different stages of development.

Grant Types Explained

Type A – Initial Deployment:

Type A grants target projects in their early deployment or proof of concept phase on the Telegram Web Apps platform. This category also encompasses Web3 infrastructure projects built on the TON blockchain. Projects in this category can secure grants of up to $10,000 in TON.

Type B – Live TON-based Projects with Existing User Base:

Type B is tailored for projects already deployed and operational on the TON blockchain with an established user base that has yet to integrate with Telegram. Grants in this category can also be funded by up to $10,000 in TON.

Type C – Live Non-TON-based Projects with Community:

This grant category is intended for projects and DApps built on other blockchains considering migrating to TON or integrating with Telegram Messenger. Prerequisite achievement milestones, including user numbers, transaction volumes, and TVL, determine the amount of funding received through Type C grants. Grants in this category range from $20,000 to $50,000 in TON.

Conclusion

The Telegram Web3 Grants Program underscores the TON Foundation’s dedication to nurturing innovation within the TON ecosystem on Telegram. Furthermore, the Telegram Web3 Grants Program echoes the foundation’s mission to elevate Telegram Messenger beyond a mere messaging platform. It envisions Telegram evolving into a dynamic, multifunctional hub that caters to diverse user needs, from seamless payments and essential utilities to robust productivity tools, engaging content, and immersive gaming experiences.

Tags: telegramTON Foundation
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