Altcoin

According to the Ton Foundation, venture capital companies invest more than $ 400,000,000 in Layer-1 Asset Toncoin

Published

8 months ago

March 22, 2025

In response to the group behind the venture, enterprise capital firms have invested greater than $ 400 million within the Layer-1 Asset Toncoin (Ton).

The Open Community Basis, often known as the Ton Basis, notes That traders Sequoia Capital, Ribbit, Benchmark, Kingsway, VY Capital, Draper Associates, Libertus Capital, Coinfund, HyperSphere, Skybridge and Karatage embody.

Ton was initially developed by the coded message platform Telegram and referred to as Telegram Open Community, however Telegram separated methods with the venture in 2020 after a authorized battle with the US Securities and Alternate Fee (SEC).

The Open Community, an open-source neighborhood of builders, took over the administration of know-how that 12 months. Nevertheless, Ton can nonetheless be despatched by getting into the 1 billion month-to-month energetic customers of Telegram throughout the platform with out lengthy pockets addresses.

In January, Ton de ‘Exclusive blockchain‘For the telegram mini apps ecosystem.

Shaun Maguire, a companion at Sequoia Capital, says that his firm is enthusiastic in regards to the know-how of the Layer-1 Blockchain and entry to the worldwide distribution of Telegram.

“The Ton group is one of the best on the planet on the intersection of shopper product considering and crypto infrastructure.”

Ton acts at $ 3.61 on the time of writing. The 14th rating writings of crypto property per market hood have fallen by greater than 2% within the final 24 hours.

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