MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network, the largest layer-1 investment the firm has ever made.

This investment works alongside a strategic partnership with The Open Network (TON) Foundation. This symbiotic partnership represents the shared vision of both companies in promoting global Web3 accessibility by lowering the barriers to entry.

MEXC Ventures’ investment, the highest amount it has committed to any layer-one blockchain, is just one part of MEXC’s broader efforts to bolster the growth of TON’s ecosystem. MEXC Ventures’ investment support of TON-based projects, such as Megaton Finance, TONPlay, Fanzee, and Sonet, is already well underway, and the venture firm plans to continue funding TON-based mini apps and projects.