Various altcoin projects such as TON and ICP have come to the fore recently with many partnership announcements. In this article, we will talk about some of them. Here are the details…
KuCoin partners with TON
KuCoin Ventures, the investment arm of the famous crypto exchange KuCoin, announced that it has donated $20,000 to the TON network in a strategic move to support the development of Web3 startups. This significant investment aims to fund ongoing projects in the TON ecosystem, with a particular focus on the development of five TON-based mini-applications dedicated to payments and games.
A spokesperson from KuCoin highlighted the first phase of their collaboration with TON, highlighting the allocation of a $20,000 grant to support the creation of innovative mini applications. These mini-apps are expected to play a key role in advancing TON’s functionality, with a particular focus on improving payment systems and gaming experiences. The collaboration between KuCoin and TON is set to set a precedent for future partnerships between crypto exchanges and public chains.
Animoca also invested TON
News of KuCoin Ventures’ grant to TON comes on the heels of Animoca Brands’ undisclosed investment in the system. As we reported as Kriptokoin.com, with this investment, Animoca Brands has become the largest validator in the TON network. This strategic move by Animoca Brands underscores the growing support and momentum surrounding Web3 developments at TON, further solidifying the network’s position in the crypto space.
As TON continues to attract significant investments and partnerships, the crypto community eagerly awaits developments and innovations in the ecosystem. The collaboration between KuCoin Ventures and TON and the recent investment from Animoca Brands underscore the growing recognition of the dynamic nature of the crypto landscape and the potential of Web3 technologies.
LBank Labs and ICP.Hub Korea partnered
LBank Labs, the innovative research and investment institution within LBank, took an important step to strengthen its presence in the Korean market and announced that it has established a strategic partnership with ICP (Internet Computer). Hub Korea. The collaboration aims to leverage the strengths of both organizations to achieve mutual growth through joint activities. Operating under the DFINITY Foundation, ICP.Hub Korea plays an important role in the development of the ICP ecosystem. The international ecological community is actively participating in educational initiatives, establishing strategic partnerships and accelerating Blockchain projects.
OKX collaborated with Swell Network
On December 1, official news from OKX announced the launch of the Web3 DeFi interest rate increase season event. Users who deposit ETH to Swell Network via OKX DeFi are set to enjoy additional annual returns of up to 8%. Additionally, committing participants can choose to invest their swETH from Swell into Pendle and Equilibria, unlocking annual returns of up to 14%. The integration of OKX Web3 Wallet DeFi with six major protocols (Lido, Stader, Swell, Pendle, Equilibria and Penpie) took place in the past weeks.
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