The Open Network Foundation

What they do

Established in Zug, Switzerland in 2023, the TON Foundation acts as the steward of The Open Network (TON). It is 100% funded by community contributions and operates as a non-profit, empowering builders without controlling the underlying open-source technology. The Foundation's primary mechanism for deploying capital is through its extensive Grants Program, the TON Accelerator, and massive ecosystem incentive campaigns like "The Open League". Its overarching mission is to drive mass Web3 adoption by putting crypto in every pocket via Telegram's 900 million-strong user base.

What they look for

The Foundation's thesis is centered on "putting crypto in every pocket" by building a seamless Web3 ecosystem within Telegram Messenger. They fund community-driven initiatives that drive user adoption, increase Total Value Locked (TVL) on the TON blockchain, and create frictionless onboarding experiences for Web2 users.

Stage

Pre-seed, Seed

Sectors

Fintech, Deeptech, Media

Based

Zug, CH