Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 102062
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
61.81%
Bitcoin Share
CoinTelegraph 2025-03-20 16:08:27

Venture capital firms invest $400M in TON blockchain

Venture capital firms invest $400M in TON blockchain

Update (March 20 at 4:41 PM UTC): This article has been updated to clarify that the token sale was not directed at the TON Foundation. The Open Network Foundation, also known as TON Foundation, said several venture capital firms invested more than $400 million in the TON blockchain, signaling growing interest in the Telegram messaging ecosystem. Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere and Karatage participated in the investment by purchasing Toncoin ( TON ), the native cryptocurrency of The Open Network. TON Foundation described the token purchases as strategic partnerships that will help expand the TON ecosystem, though no further details were provided. TON blockchain is a decentralized network that supports the development of Mini Apps for the Telegram ecosystem. Although TON was initially developed by Telegram’s founders, it now operates as an independent chain. As of January, Toncoin is Telegram’s only accepted crypto for app services. TON blockchain has seen significant growth over the past year, with native accounts rising from 4 million to 41 million. TON Foundation claims that the Toncoin cryptocurrency has more than 121 million unique holders. According to the announcement, TON Foundation seeks to onboard 30% of active Telegram users to the blockchain in the next three years. By March, Telegram had 1 billion monthly active users, doubling in just under three years. Source: Demandsage Benchmark partner Peter Fenton said Telegram’s user base is expected to eclipse 1.5 billion by 2030. Related: Toncoin surges as Pavel Durov leaves France after months Venture capital deals on the rise Venture capital funding continues to pour into blockchain projects as the industry gains newfound legitimacy in the United States and other markets. According to Simon Wu, partner at the San Francisco-based venture firm Cathay Innovation , crypto and blockchain projects “are gaining traction as viable solutions, especially in financial sectors like asset management, transactions, and tokenization.” As legitimacy grows, capital follows . Cointelegraph reported earlier this month that crypto venture capital deals topped $1.1 billion in February amid renewed interest in decentralized finance services. Blockchain projects specializing in business services and DeFi attracted the lion’s share of venture financing in February. Source: The TIE The latest Cointelegraph VC Roundup also showcased growing venture capital interest in decentralized physical infrastructure networks and real-world assets. Related: Crypto VCs are ‘especially bullish’ on DePIN, RWAs — HashKey Capital

Most Read News

Moralis Money
Market Cap
24h Vol
61.81%
Bitcoin Share
661
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.