Bing Ventures, a pioneering venture capital firm backing early-stage projects and outstanding fund managers in Web3 and crypto, has announced comprehensive support for The Open Network (TON) ecosystem across its capabilities and network, including investment, resource sharing, project advisories, and more.
TON is a Layer 1 network originally designed by Telegram and continued by the open-source community. With its integration with Telegram, one of the world’s leading messengers, TON offers speed, scalability, unique features, and versatility for a wide range of applications. Bruce Lan, General Partner of Bing Ventures, said that the team believed that TON would lead the charge in achieving mass adoption for Web3.
As part of the initiative, Bing Ventures will invest in innovative teams and projects that leverage TON’s unique advantages to unite the Web2 and Web3 worlds and provide fundraising assistance including referrals to potential investors, to projects coming out of TON’s acceleration programs. Leveraging its strong research and data analytics capabilities, the firm will also contribute to TON accelerators in terms of research-based mentorships, training, and project advisories.
Additionally, embodying Bing’s vision of fostering disruption and innovation for greater adoption, Bing Ventures will also curate meaningful and educational events worldwide to inform, inspire, and support founders and entrepreneurs in TON ecosystem and the broader crypto world.
The initiative will also include BingX, one of the leading centralized crypto exchanges, supporting TON ecosystem projects through token listing, liquidity provision, custom integration, and awareness campaigns to enhance their accessibility.
Bing Ventures is the latest firm that joins a list of institutional investors and organizations, including Animoca Brands and Pantera Capital, to voice support for the blockchain. As of the press release, TON’s Total Value Locked surpassed $500 million, representing a growth rate of over 2,000% from the $22.9 million recorded in March 2024.
About Bing Ventures:
Bing Ventures is a pioneering venture capital and research firm affiliated with crypto exchange BingX. Founded in 2021, it aims to support transformative blockchain and crypto ventures and outstanding fund managers driving the next wave of innovations.
With a sector-agnostic, value-investing approach, it has a portfolio of more than 50 companies spanning infrastructure, DeFi, GameFi, Web3, and more, including, among others, Avail, Berachain, Manta Network, Pixelmon, Unisat, and Solv Protocol.
Bing Ventures is also a Limited Partner (LP) of several leading crypto funds, including those managed by Hack VC, Bankless Ventures, Maven 11 Capital, IOSG Ventures, and Figment Capital.
For more information visit Bing Ventures’: Official Website | LinkedIn | Twitter.
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