Last month, we had the privilege to introduce you to the first cohort of participants in the TON Accelerator Program. A month has passed, and we're back to introducing another set of participants competing to join the TON Accelerator Program's second cohort. 

Today, we want to introduce you to six new projects, which will introduce themselves during the Demo Day on August 31 and compete for the attention of investors and strategic partners. 

But before we get to the Demo Day participants, we want to remind you of our recent news that will further bolster our efforts of supporting the emerging TON Ecosystem projects. 

### **TON Accelerator Welcomes TonX Studio**
[TonX Studio](https://www.tonx.studio/), a leading TON venture studio in Asia, founded by early TON developers and investors, is joining the TON Accelerator among the previous partners, committed to creating innovative solutions that empower the next-generation internet, TON.

TonX’s portfolio includes groundbreaking products like TonStake, the first public staking validator, revolutionizing network participation. TonKey,  the cutting-edge multi-sig wallet for TON, sets new standards in security and convenience. TON.RUN, the unmatched search engine for TON, transforms the discovery of decentralized applications and smart contracts.

TonX hosts impactful hackathons to cultivate talent and foster a vibrant community. Currently, their focus is on TonFura, a key infrastructure for tApps and TON to grow.  The first major event is the Taipei Builders Workshop, taking place on September 22. For more info and registration, [visit this link](https://www.accupass.com/go/TONTaipei2023). 

**TonX joins the list of existing TON Accelerator partners:**

- [Gotbit](https://twitter.com/gotbit_io) - a hedge fund and market-making company offering trading and risk management solutions

- [Web3Port](https://twitter.com/Web3Port_Labs) - a developer of tools facilitating connections between Web3 startups and contributors to drive innovation

- [Tonstarter](https://twitter.com/ton_starter) - the leading fundraising platform on TON 

- [TEB](https://twitter.com/boomlabs_web3) - an incubator for Web3 developers based in South Korea

- [Cypher Capital](https://twitter.com/cypher_capital) - a United Arab Emirates-based multi-strategy crypto investment firm.

### **Demo Day #2, August 31**
Accelerator Demo Day is a unique and exclusive opportunity for projects building on TON, to showcase their product to a set of investors and partners. During the Demo Day, the selected projects compete for investments and mentorship from our partners, getting a unique chance to kickstart their growth 

**These six projects will compete during the Demo Day on August 31, and you’re invited to join us and see what they have to offer.**

- **[re:doubt](https://beta.redoubt.online/)** - Powerful TON data and research tools. Re:Doubt is the most comprehensive TON data provider, simplifies the process of accessing complex data through the use of emerging TVM-based blockchain coverage, AI-powered charting tools, and insights from a community-driven market. Our suite of tools is capable of extracting, combining, modifying, and analyzing data from multiple sources, whether they are on-chain or off-chain, into a single, cohesive system that produces meaningful insights. [Follow re:doubt on Twitter.](https://twitter.com/redoubt_web3) 
&nbsp;
- **[8XR](https://8xr.io/)** - Bringing games into Telegram with a 2D/3D game creation tool. 8XR has more than 30 games, 30,000 MAU and 200,000 play sessions in the last 30 days. [Click here to stay up to date with their latest news.](https://twitter.com/8xr_engine) 
&nbsp;
- **[FanTON](https://fan-ton.com/)** - The first fantasy football platform in TON. FanTON is the premier game in the TON ecosystem, deeply integrated with Telegram. Fanton is a Play2Earn fantasy football game, something between betting and a football manager - you choose a squad of football players and score points for the players’ performances in real football matches. Those who get more points win crypto. [Follow FanTON on Twitter. ](https://twitter.com/fantasyfanton)
&nbsp;
- **[TON Attendance Protocol](https://tap.tg/)** - Record engagement on the chain. TAP (TON Attendance Protocol) is a dynamic application designed to capture and commemorate both on-chain and off-chain interactions using NFTs. From individuals to businesses, anyone can craft custom TAP badges (TEP-62 tokens) directly within the application, offering a seamless way to share a memory with their audience. [Click here to follow TAP on Twitter. ](https://twitter.com/tap_xyz)
&nbsp;
- **[Nabi](https://nabi.blue/)** - Infrastructure for the creation of decentralized social protocols. Nabi Protocol is a Web3 decentralized social graph protocol designed for the TON Blockchain. The protocol aims to give users full control over their social identities, therefore allowing users to create and nurture meaningful connections with the community around them on their own terms. The protocol is developed with a modular approach that enables integrating new features and updates while ensuring that user-owned content and social connections are unaltered. [You can follow Nabi on Twitter here. ](https://twitter.com/nabiprotocol)
&nbsp;
- **[Lucia](https://www.thekie.com/lucia-carbon-trade)** - Trade energy and carbon credits on TON. Lucia is a TON blockchain-based platform, transforming the carbon credit trading landscape from a traditional B2B model to an inclusive C2C marketplace. By seamlessly integrating NFT functionalities, Lucia empowers individuals to actively participate in environmental responsibility while exploring the world of digital assets. Dive into the future where sustainability meets peer-to-peer trading with Lucia. [Click here to follow the creators of Lucia on Twitter. ](https://twitter.com/thekielux)

We are thrilled to welcome these teams to the TON Demo Day and are excited to see what they bring next! 

TON Foundation Demo Day #2: TonX Joins Existing Accelerator Partners 

## TON Foundation Demo Day

On June 14, 2023, 8 teams in the TON ecosystem were invited to demo their products to an audience of investors and strategic partners. These teams were selected for the demo day based on these key criteria: 

Leverage the unique capabilities of the TON blockchain;
Built a working MVP of their product;
Aspire towards a commercial product that users want; and
Exhibit the spirit and quality of TON ecosystem builders.  

Now that the event is behind us, we recognize the demo day as a huge success. The participants had a unique opportunity to showcase their projects to an audience of investors and strategic partners while gaining valuable feedback, presentation experience, and visibility.

[You can now rewatch the recording of our Demo Day on Youtube.](https://www.youtube.com/watch?v=xgQghwpJnKM)

## TON Accelerator - Cohort #1

The [TON Accelerator Program](https://t.me/toncoin/869) has the goal of allocating up to $25M to projects that make a significant positive impact on the TON Ecosystem. 

Following the Demo Day, six teams were chosen to enter the first funded accelerator cohort. As part of the cohort, these teams will receive funding from TonCoin Fund, mentorship from accelerator members, and marketing and other strategic support within the TON ecosystem. 

**Meet the first six accepted participants of TON Accelerator’s first funded cohort:**

- [Prophecy Pulse](https://twitter.com/ProphecyPulse), a social wagering platform that allows you to make wagers with friends within Telegram that are enforced by smart contracts. [Click here to watch their demo clip.](https://www.youtube.com/shorts/O0ra8gKynRY)

- [Storm Protocol](https://twitter.com/storm_trade_ton), a perpetuals platform built on the TON blockchain that allows trading within the Telegram application. [Click here to watch their demo clip](https://youtu.be/2sWRpMkmJ7I)

- [EVAA](https://twitter.com/evaaprotocol), a composable borrow/lend platform that will bring a key DeFi primitive to the TON ecosystem. [Click here to watch their demo clip.](https://www.youtube.com/shorts/YsxThMXawhM)

- [DeDust ](https://twitter.com/dedust_io), a DEX allowing users to earn yield, exchange tokens, and track a portfolio on one convenient platform. [Click here to watch their demo clip.](https://www.youtube.com/shorts/YNUTqhzvxJI) 

- [Ton.Ski](https://twitter.com/tonski_ton), a suite of infrastructure and tools that support [TON Sites](https://ton-sites.org/) and TON storage product lines.[Click here to watch their demo clip.](https://www.youtube.com/shorts/igSFZFqla7g)

- Pluto Studio and their first TG game, [Cat Paradise](https://twitter.com/catparadise_io), a gaming studio with expansive Web 2 mini app development experience that is now optimizing and bringing Web 3 games to the TON/TG ecosystem. [Click here to watch their demo clip](https://youtube.com/shorts/pOYxQt7YJ_U?feature=share)

We are thrilled to welcome these teams to the Accelerator Program and TON ecosystem and are excited to see what they bring next.

## Upcoming TON Accelerator Opportunities 

We aim to host a new TON Accelerator cohort every 4-6 weeks to showcase the incredible talent in the TON ecosystem. 

***If you are a builder interested in joining one of our programs, please [apply here](https://society.ton.org/).***


TON Accelerator Program’s First Cohort Participants

**DUBAI, United Arab Emirates, May 22, 2023 10:00 AM UTC – The Open Network (TON)**, a revolutionary technology to unite all blockchains and Web2 internet into one open network, has unveiled the launch of the TON Accelerator Program, which will this year funnel up to **$25 million** into projects poised to make a sizeable impact in the growing TON ecosystem.

The funding, which is provided by TONcoin Fund, a **$250 million** ecosystem fund dedicated to supporting founders building on TON, will funnel investment into key projects in a variety of fields, with a particular focus on decentralized finance (DeFi). Each investment will be from **$50,000** to **$250,000** per project.

Funding will accompany partnership and mentorship among accelerator partners that include: [Gotbit](https://gotbit.io/), hedge-fund and Market-Making company, a provider of trading and risk management solutions, Web3port, a developer of tools connecting **Web3.0** startups and contributors to accelerate innovation, Tonstarter, the primary fundraising platform on TON, TEB, an incubator for Web3 developers based in South Korea, and [Cypher Capital](https://cyphercapital.com/), a multi-strategy crypto investment firm based in the United Arab Emirates.

The pool of TON Accelerator Program partners is poised to grow still further as TON Foundation continues to set up strategic partnerships with major accelerators in the web3 space.

“We are delighted to unveil the TON Accelerator program as our ecosystem continues to evolve and attract new talent,” said Justin Hyun, Head of Incubation and Growth at TON Foundation. “This is the beginning of many different incubators which will be supported in the future. Funding forms part of our local hubs rollout strategy and our ecosystem will work to attract new developers as well as successful repeat founders, based across a variety of key global locations.”

“This is a program that is unique within the web3 universe today,” said Bill Qian, Chairman of Cypher Capital. "What the TON Accelerator program is doing is taking the incubator principle made famous within the Web2 ecosystem and refining it and evolving it using the best of Web3 protocols and ways of working. We are delighted to play our part in this next generation program.”

The initial pool of projects for the funding round will be geared towards projects that participated in [Hack-a-TONx](https://dorahacks.io/hackathon/hack-a-tonx/detail) [DoraHacks](https://dorahacks.io/), a 2-month long virtual hackathon staged in collaboration with DoraHacks, a global leading hacker organization that acts as a bridge, connecting hackers to enterprise challenges and entrepreneurial ideas. Submissions are currently open: Projects must build on TON (i.e.support TVM & TON smart-contract language). In addition, projects should be MVP ready while requiring support in marketing, business and technology (proof-of-concept or prototype teams that require greater technical support should apply for earlier-stage grants).

Projects interested in participating in funding rounds can complete [this](https://docs.google.com/forms/d/e/1FAIpQLSdne0ocWvf8EzMg_W_XN2eBqnF-a1wsJvCkzZ4U-6Zee6BsOg/viewform) form.

## About The Open Network

The Open Network (TON) is a revolutionary technology to unite all blockchains and Web2 internet into one open network. It was born to empower billions of Telegram users with genuine Web3. Originally introduced by the Telegram team inheriting its freedom and openness ethos, it has been run as an open-source community project since 2020. TON’s layer-1 architecture is designed to scale up to 2 to the power of 32 workchains, each of which can be subdivided into up to 2 to the power of 60 shardchains. It can support millions of transactions per second near-instantly.
Telegram has helped people stay connected. TON will transform the communities into economies. Learn more: [https://www.ton.org](https://www.ton.org)


accelerator news