TON Accelerator and crypto exchange Bybit have joined forces to introduce the Cross-Chain Synergy Cohort for developers.
This initiative aims to assist developers in creating projects that are compatible with multiple blockchain networks. It focuses on bridging the TON (TON) ecosystem, associated with the Telegram Open Network, with the Ethereum Virtual Machine ecosystem, as per a press release from crypto.news.
The program offers developers marketing support, mentorship, and access to Bybit’s Web3 wallet. This integration of the wallet allows for cross-chain interactions, crucial for linking blockchains like TON and Ethereum (ETH).
Cross-chain technology enables seamless movement of assets and data across various blockchain networks, overcoming the limitations that often hinder blockchain applications.
Another key aspect of the program is liquidity. Bybit will aid participants in obtaining resources to expand their projects, including direct access to its platform. This assistance is aimed at helping developers bring their ideas to market more effectively.
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Program Interoperability
The Cross-Chain Synergy Cohort also emphasizes TON’s link to Telegram’s massive user base of 950 million. Through the integration of Web3 tools and promotion of interoperability, the initiative hopes to attract more users to decentralized applications and broaden the adoption of blockchain technology.
Sophia Rusconi from TON Accelerator mentioned that the program will “bridge the TON and EVM ecosystems” while accelerating the growth of startups. Emily Bao from Bybit added that the partnership reflects Bybit’s vision of creating a more simplified and open blockchain ecosystem.
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