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TON Foundation, the newly formed Swiss non-profit organization in charge of The Open Network (TON) continues to demonstrate its commitment to developing the Toncoin ecosystem and driving adoption. This time, it has engaged Tencent Cloud and Chainbase for Web3 development and adoption.
With the double partnerships, TON Foundation will simplify blockchain development for its thriving ecosystem and also facilitate the next phase of widespread Web3 adoption across the Asia-Pacific region. The announcement could be another major incentive for the TON price, which gained 19% last week.
Series of Partnerships for the Toncoin Ecosystem
Recently, The Open Network (TON) Foundation has been busy making moves targeted at improving its ecosystem. It has already announced several partnerships and collaborations targeting different areas of ecosystem development and mass adoption.
Here, we’ll shed light on the double partnership below:
Tencent Cloud
One of the world’s leading cloud companies, Tencent Cloud is known for its reliable computing resources and optimized network connectivity, thanks to its global cloud infrastructure. Before now, it has supported TON validators. The new partnership will see it expand its services to better meet the specific needs of TON.
In addition to satisfying TON’s high compute intensity and network bandwidth needs, the recent collaboration will provide the needed support for applications and bots built on Telegram. Telegram games, for instance, will directly benefit from Tencent Cloud’s enhanced gaming solution and reference cases.
Tencent Cloud's improved services will also expand to all projects built on TON. Once approved, each project will get a dedicated amount of cloud credits and product discounts, thanks to the Tencent Cloud Startup Program.
Chainbase
An all-in-one data infrastructure provider, Chainbase is set to offer the first data indexing product on TON. The purpose of this is to facilitate free utilization, querying, and analysis of all TON data, according to developers’ unique use cases.
Projects on The Open Network will henceforth benefit from Chainbase’s enterprise node deployment service. This service will guarantee low latency and highly reliable blockchain connectivity for Web3 projects on TON and their developers. Ultimately, it will help them achieve more with less effort.
World-Class Support for Toncoin Ecosystem
Since coming into the picture this year, the TON Foundation has offered a lot to the Toncoin ecosystem. It has created an enterprise-ready blockchain system that is suitable for large-scale Web3 applications. Some of its biggest attractions include high speed, near-instant transactions, low latency, low fees, and highly reliable connectivity.
By supporting the launch of a digital wallet in Telegram, the TON Foundation opened the door to widespread adoption, not just in the Asia-Pacific region but in every region of the world. The recent double partnership with Tencent Cloud and Chainbase resonates with its goals.
Speaking about the partnerships, Head of Growth at TON, Justin Hyun, said:
“Our collaboration with Tencent Cloud is the latest milestone in our journey to accelerate the global adoption of blockchain technology. By joining forces, we can leverage our combined expertise to drive the development of technological solutions built on-chain. We are committed to working closely with Chainbase and Tencent Cloud to provide developers with the tools that they need to deliver transformative TON-based solutions to industries and users worldwide.”
Wrapping Up
TON Foundation is working hard to position the Toncoin ecosystem for mass adoption. Its recent partnerships with Tencent Cloud and Chainbase will equip and incentivize blockchain developers to work more efficiently. It will also help to enhance user experience across numerous industries.
From all indications, The Open Network may soon become one of the most attractive networks in the blockchain universe. While the latest collaborations are aimed at simplifying blockchain development and driving adoption, they will be highly beneficial for the entire ecosystem. Now is a good time to keep an eye on Toncoin price prediction and take advantage of emerging opportunities.