​An official channel of the TON Foundation has announced the launch of a $250-million fund, the ecosystem’s first An impressive list of prominent crypto investors, including Huobi Incubator, KuCoin Ventures, and MEXC Pioneer Fund, has invested $250 million in The Open Network for the ecosystem’s fund, TONcoin Fund. Money from the TONcoin Fund will be used for incubating projects, issuing grants, hosting hackathons, and creating educational material for the community. The fund has a wide range of sectors in which it wants to invest, including NFTs, DeFi, marketplaces, and crypto wallets. Benjamin Rameau, founder of Jenny Metaverse DAO and a former top manager at Binance, will be leading the fund alongside well-known crypto enthusiasts. To learn more about TONcoin Fund, you can read this press release published on Cointelegraph. 💎 We encourage our subscribers to join TON Society’s Telegram channel to stay updated on events connected with the fund’s investment activities, incubators, and grant programs in the TON ecosystem.