TON Ecosystem Roundup: Notable Projects Secure Major Funding

This week, we’re spotlighting four promising projects within the TON Ecosystem that have recently secured significant investments from some of the industry’s top backers, including Speedrun by a16z, TVM Ventures, Animoca Brands, Mirana Ventures, Cypher Capital, OKX Ventures, and KuCoin Ventures. These investments are driving innovation and strengthening the ecosystem.

1. ACID Labs: $8M Investment to Enhance Social Experiences

ACID Labs, the creative studio behind Boinkers (a social experience platform on Telegram and TON), has raised $8 million in funding from Speedrun by a16z. This investment will help accelerate the studio’s mission to create instant, engaging social experiences on both platforms. With the backing of such a prominent investor, ACID Labs aims to redefine social interaction in the TON ecosystem. Learn more about Boinkers.

2. Memes Lab: $2.3M Seed Round to Build Web3 Meme Infrastructure

Memes Lab, a platform dedicated to developing the ultimate meme infrastructure for Web3, has successfully closed a $2.3 million seed round. This funding will enable Memes Lab to expand its innovative platform, providing new ways to leverage memes in the decentralized digital world. Their vision for Web3-based meme culture is gaining momentum, and this investment will help push the boundaries of how memes can be integrated into blockchain and crypto ecosystems. Discover Memes Lab.

3. Factorial Finance: $1.8M Raised for Ecosystem Growth

Factorial Finance, a decentralized finance (DeFi) platform within the TON ecosystem, raised $1.8 million to expand its operations. The investment is set to bolster Factorial Finance’s growth, with a focus on leveraging institutional networks, forming strategic ecosystem partnerships, and boosting liquidity onboarding. The project is gaining traction as a key player in the DeFi space, and this funding will help accelerate its development and adoption. Check out Factorial Finance.

4. Torch Finance: $1.5M for Expanding Stablecoin Liquidity

Torch Finance, a project focused on institutional-grade stablecoin liquidity and PayFi solutions on TON, secured $1.5 million in funding. This investment will be used to expand stablecoin liquidity and further enhance Torch Finance's PayFi platform, a unique offering in the TON ecosystem. With backing from prominent investors, Torch Finance is well-positioned to drive adoption of decentralized financial products and services. Learn more about Torch Finance.

Looking Ahead

These funding rounds mark a significant step forward for the TON Ecosystem, with each project working to innovate and provide value to the growing TON community. As the ecosystem continues to expand, we can expect even more exciting developments and collaborations in the coming months.

Stay tuned for more updates as we continue to spotlight the groundbreaking projects that are shaping the future of TON.