Tonstarter Closes $1.5 million Seed Round as Primary Fundraising Platform for The Open Network (TON)

Details: Category: News; Published: 09 March 2023

Tonstarter Closes $1.5 million Seed Round as Primary Fundraising Platform for The Open Network (TON)

Dubai, UAE, March 09, 2023 (GLOBE NEWSWIRE) -- The TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has today announced that Tonstarter, the primary fundraising platform on TON, has closed a seed round of $1.5 million.

Tonstarter, which will support myriad projects on TON, a revolutionary technology to unite all blockchains and Web2 internet into one open network, has received seed funding from Kingsway Capital, an investment management firm, Gate.io, a cryptocurrency exchange, and DWF Labs, a subsidiary of Digital Wave Finance (DWF), one of the world's fastest-growing high-frequency cryptocurrency trading entities.

Tonstarter is incubated by First Stage Labs, a TON ecosystem venture builder. Advisors of the platform include Tal Kol, TON Ambassador and founder of Orbs, an open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus, and Justin Hyun, Head of Incubation at TON Foundation.

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