TON, the blockchain network for the web3 ecosystem in Telegram, has unveiled a new program as it looks to support new projects.
Powered by Toncoin (TON) as the native cryptocurrency for governance, staking, and transaction fees, TON is one of the crypto industry’s fastest-growing blockchains.
What’s TON Nest?
The TON blockchain team announced the introduction of TON Nest, a new program that aims to provide mentorship and other support resources to early-stage projects on the network. Nest is an initiative of TON Society, a network of blockchain enthusiasts focused on accelerating TON’s ecosystem growth in Telegram.
In a post on X on Aug. 16, the platform said the new program by the TON Society Worldwide would offer developers a chance to pitch projects, access workshops, and compete against other teams to win rewards.
With Nest, early builders seeking to deploy on TON will have a chance to benefit from private and community-gated workshops. Participants can tap into this new builders-only community.
TON ecosystem growth
In April this year, the TON Society teamed up with artificial intelligence firm HumanCode on an identity verification project. The project provided a $5.9 million incentive program for TON Society members, with the objective of bringing web3 identity to the Telegram ecosystem.
Telegram has increasingly become key to these initiatives, attracting users to the blockchain and crypto space with programs such as the Open League initiative launched in March 2023.
With over 950 million monthly active users, Telegram presents a huge growth opportunity that has helped not just Toncoin, but projects such as Notcoin (NOT), Hamster Kombat and Catizen.
