To transform Telegram into a Web3 super-app, TON raises an eight-figure amount from MEXC.
Pavel Durov, the founder of Telegram, has continually emphasized the pivotal role of the TON blockchain in Telegram’s prospective journey into the Web3 domain. The Open Network (TON), initially conceived by Telegram as a decentralized blockchain platform, has recently secured substantial funding from the venture wing of the cryptocurrency exchange MEXC . An announcement made on October 4 revealed that TON has attracted a significant eight-figure investment from MEXC Ventures, a subsidiary of the global cryptocurrency exchange MEXC. Concurrently, MEXC and the TON Foundation have joined forces in a strategic partnership aimed at advancing global Web3 accessibility by reducing entry barriers. As part of this collaboration, the MEXC crypto exchange will extend marketing services and promotional support to TON-based projects listed on its platform. Furthermore, the firm is poised to introduce a TON collateral lending service and abolish trading fees associated with the TON token. J...