TON, a decentralized network fostering blockchain innovation, has introduced the Open League (OL) Funding Scheme. This program is tailored to assist developers and entrepreneurs in the Web 3 sector, focusing specifically on decentralized finance (DeFi) and decentralized applications (dApps). The aim of the Open League is to support the acceleration of development and research in these areas through financial aid and resources provided by the program.

When evaluating projects for support, TON's approach is strategic, considering factors like the project's presence in other blockchain networks, Total Value Locked (TVL), team expertise, project viability, and potential impact on the ecosystem. These key metrics are vital in determining project eligibility for funding, ensuring a strong foundation and clear progression path that can lead to significant advancements in the blockchain domain.

A notable aspect of the Open League DeFi Funding Scheme is the substantial financial support it offers. Projects can receive funding ranging from $480,000 to $530,000, providing a significant boost compared to other funding options. This level of commitment not only aids in acquiring the necessary capital for technology expansion and development but also signals to the community that TON is actively fostering a network of blockchain application providers. The scheme is expected to attract a diverse range of venture proposals seeking to leverage this opportunity for project growth and maturity.

TON's Open League DeFi Funding Scheme represents a groundbreaking initiative aimed at strengthening the Web3 space by investing in top projects within the DeFi and dApps sectors. By selecting recipients based on stringent criteria, TON aims to foster innovation and drive significant developments in the blockchain industry. This endeavor demonstrates TON's commitment to supporting the next generation in building their careers within the blockchain realm, positioning itself as a key player in the ongoing evolution of decentralized protocols.