TON Expands Its Bet on Cross-Chain With $5 Million Synergy Program

As a seasoned crypto investor with over a decade of experience under my belt, I must say that the recent developments surrounding TON and Mantle Network are nothing short of exhilarating. The $5 million Synergy program for cross-chain innovators is a game-changer, offering unparalleled support to trailblazers in this space. With my fingers crossed, I can’t help but feel optimistic about the potential impact this could have on the broader Web3 ecosystem.


The teams of TON Accelerator and TON Ventures shared the details of Synergy, a massive ecosystem support program. As the $5 million initiative kicks off, trailblazing projects in the cross-chain segment might apply for funding, marketing, tech and BD support.

TON, Mantle launch $5 million incubation program, Synergy, for cross-chain innovators

Starting today, November 4th, 2024, I am thrilled to be part of the launch of Synergy, a collaborative developer support program initiated by TON and Manta Networks. This joint effort has pooled together an impressive $5 million in funding. In this round, we have the pleasure of co-hosting Synergy alongside TON Ventures and TON Accelerator, two VC entities with a strong focus on TON.

TON Expands Its Bet on Cross-Chain With $5 Million Synergy Program

The initiative also yielded a contribution from Mantle EcoFund, an ecosystem development entity by Mantle Network high-performance L1.

As a researcher concentrating on this project, my primary emphasis lies on fostering cross-chain interactions. I’m here to provide assistance with product design, technical integrations, market entry strategies, and of course, financial backing directly.

As stated by representatives of TON, the program will provide a $90 billion cross-chain liquidity market that can be accessed by numerous businesses from different Web3 environments.

The program mentors’ list includes TON Foundation representatives, major VCs (Nomad Capital, GSR), dApp developers from Ethena (ENA) and so on.

As covered by U.Today previously, TON has seen the increased activity of whales in last days.

TON price surges amid major conference, market cap back over $12 billion

Within the TON community, there’s a lot of buzz about the Gateway 2024 conference taking place in Dubai. This event is significant as it’s one of the biggest gatherings in the chronicles of TON and its digital currency, Toncoin.

There’s a lot of positive buzz about Toncoin (TON): In just 24 hours, its value increased by 2.1%, performing much better than the overall market.

In simpler terms, this cryptocurrency ranks as the tenth biggest alternative coin, with a value exceeding 12 billion dollars. Given that status, approximately 70% of recent trades on the TON platform involved bets that the price would decrease (short positions) in the last day.

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2024-11-04 19:53