The Open Network Foundation, also known as Ton Foundation, has raised more than $ 400 million in investments based on tokens from several venture capital companies, signaling growing interest in the Telegram email ecosystem.
Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, Coinfund, Skybridge, Hypersphere and Karatage participated in the investment by buying Toncoin (tone), the native cryptocurrency of the open network.
Your foundation has described tokens purchases as strategic partnerships that will help extend the tone ecosystem, although no other detail has been provided.
Your blockchain is a decentralized network that supports the development of mini applications for the telegram ecosystem. Although you were initially developed by the founders of Telegram, it now works as an independent chain.
In January, Toncoin is the only accepted Crypto in Telegram for application services.
Your blockchain has experienced significant growth in the past year, the native accounts going from 4 million to 41 million. Your foundation says that the Toncoin cryptocurrency has more than 121 million unique holders.
According to the announcement, your foundation seeks to integrate 30% of active users from telegrams to blockchain in the next three years.
In March, Telegram had 1 billion monthly active users, dubbing just under three years. Source: Demanding
The reference partner, Peter Fenton, said that the Telegram user base is expected to overshadow 1.5 billion by 2030.
In relation: Toncoin increases while Pavel Durov leaves France after months
Increased venture capital agreements
The funding for venture capital continues to pour out in blockchain projects while industry acquires new legitimacy in the United States and other markets.
According to Simon Wu, partner of the venture capital company based in San Francisco, Cathay Innovation, Crypto and Blockchain, “gain ground as viable solutions, especially in financial sectors such as asset management, transactions and tokenization”.
As legitimacy develops, capital follows.
Cointtelegraph reported earlier this month that venture capital transactions in crypto had exceeded $ 1.1 billion in February in the midst of renewed interest in decentralized financial services.
Blockchain projects specializing in commercial services and Defi attracted the share of the company’s financing in February. Source: the tie
The latest Roundup Cointelegraph VC has also shown increasing interest in venture capital for decentralized physical infrastructure networks and active world.
In relation: VC Crypto are “particularly bullish” on a backdrop, Rwas – Hashkey Capital
