TON Accelerator Launches New Incubation Program, TON:Acc, for Promising Crypto Startups Building on The Open Network (TON) Blockchain

The program's debut follows the network's considerable growth in 2024 amid challenges.

Cryptocurrency venture capital firm TON Ventures has launched a new incubation program for promising crypto startups building on The Open Network (TON) blockchain.

The program, called TON:Acc, will see five high-potential projects receive an investment of up to $2.5 million each from TON Ventures. The projects will then be supported by TON Ventures for three months, with access to knowledge, resources, and networking opportunities with TON Ventures’ partners.

The launch of the incubation program follows a period of rapid growth for TON in 2024, with the network’s total value locked (TVL) surging from $13.5 million in January to over $350 million in September, according to data from DeFiLlama.

During this time, TON’s active addresses also surpassed those of Ethereum at one point. However, the network also faced challenges, including two outages in August due to a spike in transaction volume following the launch of the meme coin DOGS.

Despite these challenges, TON’s growth has attracted attention, with the network's native token, TON Crystal, rallying by over 2,400% year-to-date.

The new incubation program is part of TON Ventures’ efforts to support the network's growth. The venture capital firm is also set to launch a new ecosystem incubation platform called the TON:Acc Portal.

The platform will provide early-stage projects with better access to support and investors who want to back them.

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