PANews reported on October 30 that according to official news, OKX Ventures, The Open Platform (TOP) and Folius Ventures announced the launch of the $10 million Telegram Growth Hub, which aims to promote TON blockchain innovation and expand the Telegram applet ecosystem. It will fund and support projects that enhance TON user engagement. Telegram Growth Hub will select up to 10 potential projects to launch a two-month acceleration program. The selected teams will be eligible for funding from the $10 million fund, and applications are now open until November 29, 2024.

The Telegram Growth Hub will focus on three key areas: 1. User onboarding and educational tools: projects that simplify user onboarding through intuitive UI/UX and educational tools, making TON easily accessible to new users; 2. Trading capabilities and networks: plans to develop on-chain trading functions, such as DEX and NFT trading, liquidity staking, and other advanced trading functions; 3. Mini Program Ecosystem Expansion: Telegram innovates mini programs, including games and entertainment applications that expand TON use cases.