TVM Ventures is initiating a $100 million investment fund to support the development of practical tools in the Telegram-related blockchain, TON, focusing on empowering creators and developers. The fund will concentrate on three investment areas: DeFi, PayFi, and security. Steve Yun, the founder of TVM, emphasized the importance of this initiative for the future of blockchain, aiming to create an advanced financial system for 500 million users by 2028. The recent collaboration between Telegram and TON strengthens the need to expand this network. TON Network has shown significant growth in the past year, reaching one billion transactions since its launch. TVM will collaborate only with developers building smart contracts on the TON virtual machine.
