Pantera Capital Invests in TON: Telegram Blockchain Support
Date: 2024-05-03 Author: Henry Casey Categories: BUSINESS
Pantera Capital and TON
Pantera Capital, a venture capital fund with over $5 billion in assets, announced its investment in The Open Network (TON) blockchain. Managing partner of the fund, Paul Veradittakit, emphasized the significance of this step and confidence in the potential of TON for the spread of cryptocurrency.
Growth Potential
Investors took notice of Telegram's vast audience of more than 900 million monthly active users. They believe in the further development of the ecosystem and are confident in the potential of TON to become one of the leading blockchains.
Key Advantages of TON
TON developers focus on the scalability of the network, which allows transactions with a commission of about $0.1, which is 66% less than on other cryptocurrency payment platforms. This makes TON an attractive option for users.
Partnership with Arkham Intelligence
On May 2, 2024, the TON project announced a partnership with the online analytics platform Arkham Intelligence, which will expand its functionality and attract new users.
Growth of the TON Token
In response to Pantera Capital's investment and partnership with Arkham, the Toncoin (TON) token has seen gains, rising 11.4% over the past 24 hours to reach above $5.25. This indicates investor confidence in the project and its prospects.
The total locked value (TVL) of the TON network exceeded $148 million, and the addition of USDT support from Tether only emphasized the significance of the project. TON continues to attract attention as a promising blockchain with great potential for development.
