The Open Network (TON) — a decentralized blockchain platform initially designed by Telegram — has secured major funding from the venture arm of the cryptocurrency exchange MEXC.
TON has raised an eight-figure investment from MEXC Ventures — a subsidiary of MEXC’s global cryptocurrency exchange MEXC — the firm announced on Oct. 4. In conjunction with the funding, MEXC and the TON Foundation have entered into a strategic partnership aiming to promote global Web3 accessibility by lowering the barriers of entry.