Web3 advancement gets a boost as TON Blockchain introduces a novel grants system
TON Revamps Ecosystem Strategy with Tiered Grant System for High-Impact Projects
The Open Network (TON), known for its integration with Telegram, has overhauled its support model for builders with a new grant program focused on strategically impactful verticals. The TON blockchain has announced the switch, introducing a tiered grant structure for five key areas of blockchain development.
New Support Model: Tiered and Targeted
The new grant model for TON divides applicants into two primary categories: Contenders and Champions.
Contenders are up-and-coming teams with innovative ideas, while Champions are established projects poised for significant impact within the TON ecosystem. The Champion Grants provide greater financial backing to teams working in critical sectors, but all grants are milestone-based, ensuring funds are released only following substantial progress.
This shift in strategy indicates TON's focus on supporting quality and execution to drive sustainable ecosystem growth. The aim is to empower projects that align with TON's vision across these five key development sectors:
- Decentralized Finance (DeFi)
- Gaming Finance
- Payments
- Telegram In-App Economy
- Artificial Intelligence (AI)
Focus on Prioritized Verticals
TON wants to back projects building decentralized exchanges, lending protocols, and other financial tools (DeFi), gaming platforms integrating digital assets and in-game economies (GameFi), real-world payment solutions, platforms within the Telegram messaging app for digital commerce, and AI-powered decentralized applications.
In addition to this focus, TON will also maintain its prioritization of public goods and infrastructure, such as open-source developer tools, network infrastructure, and protocol-level innovation, to ensure long-term sustainability and ease of development.
How to Apply for TON Grants
Interested project teams can submit applications and register for the grant program via the TON ecosystem portal. The portal serves as a centralized hub for applications and ongoing support requests.
Submissions are reviewed on a rolling basis, and applicants must meet predefined milestones to receive payouts. Milestones ensure accountability and progress.
For further insights, grant guidelines, and project highlights, visit TON's official blog platforms.
Taking the Web3 Scene to the Next Level
TON's new grant model represents a strategic shift in resource allocation within blockchain ecosystems, prioritizing measurable outcomes, targeted development sectors, and milestone-based funding. This move signals a departure from experimentation and a step towards infrastructure-level growth.
For developers seeking to create scalable, high-impact projects, TON's streamlined, structured approach may offer the necessary guidance and support to thrive in the evolving Web3 landscape.
- The new grant model for TON's blockchain divides applicants into two categories: Contenders and Champions, with the Champion Grants providing greater financial backing to teams working in critical sectors such as Decentralized Finance (DeFi), Gaming Finance, Payments, Telegram In-App Economy, and Artificial Intelligence (AI).
- TON is focusing on supporting quality and execution to drive sustainable ecosystem growth, with the aim to empower projects that align with TON's vision across these five key development sectors.
- Interested project teams can submit applications and register for the grant program via the TON ecosystem portal, with submissions being reviewed on a rolling basis and applicants needing to meet predefined milestones to receive payouts.
- TON's new grant model represents a strategic shift in resource allocation within blockchain ecosystems, prioritizing measurable outcomes, targeted development sectors, and milestone-based funding, which may offer developers seeking to create scalable, high-impact projects the necessary guidance and support to thrive in the evolving Web3 landscape.
