# TON Foundation Funds HOT Labs with Half a Million for Memecoin Platform Development

The TON Foundation recently allocated a $500,000 grant to HOT Labs, which aims to foster the growth of a specialized platform for meme coins within the Open Network (TON). This investment facilitates easier access and encourages broader adoption of memecoins. Established by Petr Volnov and Yuriy Ole

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| Published | 25 November 2024 |

Source: https://egamers.io/ton-foundation-funds-hot-labs-with-half-a-million-for-memecoin-platform-development/