CoinVoice has learned that the TON Foundation has granted $500,000 in funding to the blockchain developer HOT Labs. The funds will be used to create a platform for deploying and running memecoin on TON.
HOT Labs is one of the first recipients of the TON Foundation’s funding. After receiving a $500,000 grant, the recipients need to set KPIs, submit a bi-weekly project progress report, and provide regular project updates. The TON Memecoin working group will support recipients, including HOT Labs, by leading and promoting marketing and business development efforts.
HOT Labs is a research team that has built multiple products around Chain Signature, founded by Petr Volnov and Yuriy Olentyr. [Original link]
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