Leading blockchain industry market maker, DWF Labs, has formed a partnership with TON, the fully decentralized layer-1 blockchain designed by Telegram which also recently launched a tokenized username marketplace. Through the partnership, DFW supports The Open Network with investments, token development, market creation, and exchange listing.
DFW Labs has committed $10m and 50 seed investments over the next 12 months towards accelerating the growth of TON and its projects. DFW also intends to increase the number of TON users by improving TON volume across supporting platforms. TON currently has a trading value of up to $20 million. Within the first three months of the partnership, that number will double.
Andrei Grachev, Managing Partner of DWF Labs, said: “We are excited by the TON Foundations’ vision to deliver a decentralised internet, and so are delighted to partner with them to support projects directly and foster growth in transactions.”
Partnering with DFW Labs is a milestone for TON and its rapidly expanding ecosystem. Other notable partners of TON include KuCoin Ventures and Huobi Group.
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