Bitget Wallet, a decentralized wallet service under the Bitget
On November 11, Bitget Wallet teamed up with Foresight Ventures to unveil a $20 million fund directed at expanding the ecosystem of Telegram Mini Apps. The goal is to support new developments within Telegram’s growing Mini App environment, providing a fertile ground for emerging projects and developers to grow.
This initiative will include technical guidance, featuring resources from Bitget’s OmniConnect developer kit, along with operational and marketing support. The support package also includes possibilities for strategic partnerships with Mini Apps on Telegram, potential listings on Bitget, and investment options from Foresight Ventures.
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Telegram Mini Apps have proven influential in 2024, especially with platforms like Notcoin and Hamster Kombat, which propelled The Open Network (TON) ecosystem's expansion. Despite this growth, TON
After reaching a peak TVL of $776 million in July, a drop occurred in late August with the legal issues involving Telegram CEO Pavel Durov in France. By late August, TON's TVL had dropped to $311 million, slightly recovering to $356 million in the following months.
This latest support follows a September 2024 announcement, where Bitget and Foresight Ventures disclosed a $30 million strategic investment in TON blockchain’s growth. Through this prior investment, Bitget and Foresight expressed a commitment to contributing to TON Blockchain’s governance and shaping its future direction.
In other news, MicroStrategy has made headlines by leading the way with its $20 billion investment in Bitcoin, achieving over a 100% ROI.
