OKX Launches $10 Million Telegram Growth Hub

OKX Ventures, The Open Platform (TOP), and Folius Ventures today announced the launch of the $10 million Telegram Growth Hub. Designed to drive innovation on the TON blockchain and expand Telegram’s mini-app ecosystem, the Telegram Growth Hub will fund and support projects that enhance user engagement on TON.

The Telegram Growth Hub will focus on three key areas:

• User onboarding and education tools: Projects that simplify onboarding through educational tools and intuitive UI/UX, making TON accessible to new users.
• Trading capabilities and networks: Initiatives that develop on-chain trading features, such as DEX and NFT trading, liquidity staking, and other advanced trading functions.
• Expanding the Mini App Ecosystem: Innovative mini apps for Telegram, including gaming and entertainment apps, expand TON’s use cases.

Selected projects will benefit from comprehensive support, including:

• Capital for talent acquisition and community building
• Access to our suite of developer resources, such as OKX Connect, a powerful new solution designed to streamline wallet integration for developers building on TON.
• Access to TOP’s toolbox of developer infrastructure and resources, including Tonkeeper, TON Apps API, Playdeck, Ton App Chain, Ston.fi, and Getgems NFT Platform to build, scale, and engage users on TON.
• Expert mentorship, guidance, and connections, marketing support, and introductions to key stakeholders in the OKX, TOP, and Folius Ventures networks.

The Telegram Growth Hub will select up to 10 promising projects for a two-month accelerator program. Selected teams will be eligible for funding from a $10 million fund. Applications will be open until November 29, 2024.

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The Telegram Growth Hub represents a significant step toward fostering innovation in the rapidly growing Telegram ecosystem. With Telegram’s user base adding approximately 2.5 million new users every day, the fund aims to capitalize on this growth and accelerate the development of next-generation products for mass adoption.