How Will TON Navigate Its $2M Accelerator Amid Ongoing Turmoil?

How Will TON Navigate Its $2M Accelerator Amid Ongoing Turmoil?
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TON Ventures launches $2.5M accelerator amid blockchain turmoil.
Telegram CEO’s arrest impacts Toncoin and TON ecosystem.
TON Ventures has launched a new $2.5 million accelerator program to attract developers to the $12 billion TON blockchain, originally developed by messaging app Telegram. The three-month program, which will support five startups, comes at a tumultuous time for the TON ecosystem.
The blockchain’s recent challenges stem from the arrest of Telegram CEO Pavel Durov in France. Durov’s arrest, related to allegations of failing to prevent criminal activities on Telegram, has sent shockwaves through the TON community. Since his arrest, Toncoin’s price has plummeted over 22% from its August high, and the total value locked (TVL) in it has dropped 56% to $348 million.
TON Blockchain, now separate from Telegram following a 2020 settlement with the U.S. Securities and Exchange Commission, is overseen by the Foundation. While led by former Foundation executiv

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