The Open Network (TON) has launched its TON Accelerator Program, which aims to inject up to $25 million into transformative projects that will catalyze the growth of the TON ecosystem. The funding will be provided by the TONcoin Fund and will be channeled into a diverse range of projects, with a particular emphasis on decentralized finance (DeFi).

The program will also provide partnerships, mentorship, and technical support to the selected projects, with esteemed accelerator partners such as Gotbit, Web3port, Tonstarter, TEB, and Cypher Capital. The TON Accelerator Program will initially focus on projects that participated in Hack-a-TONx DoraHacks, a virtual hackathon conducted in collaboration with DoraHacks.