August 08, 2024
TONX, a SuperApp platform layer for scaling Web3 applications, has successfully completed a $4 million fundraising round. This funding, co-led by SNZ Ventures and Summer Ventures, with previous leadership from TON Ventures, was secured with the participation of top venture capital firms from the Asia-Pacific region, reinforcing TONX's pivotal role in the Web3 ecosystem.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
TONX | $4M | August 8, 2024 | Seed | SNZ Ventures and Summer Ventures | Web3 |
Announced at The Open Summit, the largest TON Summit this summer, the $4M pre-seed and seed fund will be used to enhance the TONX API technology stack. The TONX API is crucial for the 950 million-user Web3 SuperApp ecosystem, providing a reliable and stable RPC DEVtool for developers on the TON blockchain. TONX has also developed other modular products and public goods, such as TONX Node for obtaining POS rewards and enhancing node consensus security, and TONX Security for identifying smart contract vulnerabilities.
Co-founded by Dr. Awesome Doge, a member of the TON Core Dev team and co-founder of Cypherpunks Taiwan and Bitcoin Chinese Society, and Wego, co-founder of BlockTempo, the team has been involved in blockchain since 2013, starting with Bitcoin, then Ethereum in 2015, and finally TON in 2021. Dr. Awesome Doge recognized TON's technical potential, while Wego saw the market potential. Dr. Awesome Doge expressed excitement about the support from venture capital firms and the potential of the TONX API to facilitate development for their growing community of builders.
About
TONX is a platform dedicated to scaling Web3 applications through its SuperApp layer. It provides developers with tools like the TONX API, which supports the 950 million-user Web3 SuperApp ecosystem by offering a reliable and stable RPC DEVtool for building on the TON blockchain. Additionally, TONX has developed products such as TONX Node, which enhances node consensus security and allows users to earn POS rewards, and TONX Security, which helps identify vulnerabilities in smart contracts. Co-founded by Dr. Awesome Doge and Wego, the team has been involved in blockchain since 2013, focusing on Bitcoin, Ethereum, and now TON.
Website: https://tonx.ai/
About Investor
This funding was secured through the participation of leading venture capital firms from the Asia-Pacific region. The round is co-led by SNZ Ventures and Summer Ventures, previously led by TON Ventures.
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