Gate.io invests $10M in TON blockchain

Cryptocurrency exchange Gate.io has announced a $10 million strategic investment in The Open Network (TON) blockchain.

Key points:
• The investment aims to strengthen collaboration with TON Foundation and accelerate the growth of Telegram-based projects.
• Gate.io plans to increase its involvement in the governance and development of the TON blockchain.
• The company will launch new products: an official CeFi-driven mini-app and Gate Wallet within Telegram.
• Gate Group is participating in the TON Society's Hackers League hackathon with a prize pool of up to $2 million.
• TON-based projects show great potential for mass adoption through the Telegram ecosystem.