Former TON Foundation Chair Launches TVM Ventures, a $100 Million Venture Capital Firm

BlockBeats News, February 3rd: Former TON Foundation CEO Steve Yun, who is currently a board member of the TON Foundation, has founded a new venture capital firm, TVM Ventures, with an initial fund size of $100 million.

Yun and a TON token miner have provided support for the fund's capital, but have refused to disclose the miner's identity or their specific contribution.

TVM Ventures is named after the TON Virtual Machine and focuses on funding startups in the TON ecosystem, particularly in the decentralized finance (DeFi) and payment finance (PayFi) sectors. (The Block)