New $250M TONcoin Fund Targets DEX And NFT Instruments On TON Blockchain

TONcoin Fund managing accomplice Benjamin Rameau advised Cointelegraph that the fund is working “very closely” with the TON Basis, hoping to help the TON blockchain attain its full potential. Rameau stated that the fund is targeted explicitly on Web3-associated developments and is now incubating a decentralized exchange and nonfungible token (NFT) mission. “We are additionally eying alternatives with wallets, NFT marketplaces and decentralized finance,” he added.

The much-hyped challenge was to create a state-of-the-artwork blockchain with the associated Gram coin that was to turn out to be a platform for commercialising blockchain. Regardless of all the hype surrounding blockchain there has but to be a single widely used commercial utility of the expertise, partly as a result of difficulties related to the lack of a widely used and accessible platform.

“Sadly, a US court docket stopped TON from occurring. How? Imagine that several individuals put their cash collectively to build a gold mine – and to later cut up the gold that comes out of it. Then a decide comes and says: ‘These people invested in the gold mine because they had been searching for income. And so they didn’t need that gold for themselves, they wished to sell it to different folks. Because of this, they aren’t allowed to get the gold.'”

TON is the following-technology blockchain platform with a sharding multi-chain technology. As a result of efforts of previous Telegram group, TON is nicely supported by the Telegram, making it a more accessible blockchain platform for the 400-million users of Telegram. Due to the ban from SEC, Telegram had to stop TON in Might, 2020. Nonetheless, TON is just too valuable to be abandoned. Now, it has been restarted by the neighborhood. Within the plan of the community, TON shall be redesigned to develop defi.

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