Venture Capital Firms Invest Over $400 Million in Toncoin
- Venture capital firms have invested over $400 million into Toncoin (TON).
- Investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, and others.
- TON was originally developed by Telegram but separated in 2020 after a legal issue with the SEC.
- The Open Network Foundation now manages TON as an open-source project.
- TON is integrated into Telegram’s Mini Apps Ecosystem as its exclusive blockchain.
- Ton’s current trading price is $3.61, ranking it as the 14th largest crypto asset by market cap.
Toncoin has attracted significant investment from major venture capital firms totaling over $400 million. The project, initially developed by Telegram and now managed by The Open Network Foundation, remains closely linked to the messaging platform through its integration into Telegram’s Mini Apps Ecosystem.
Source (2.6)https://dailyhodl.com/2025/03/22/venture-capital-firms-invest-more-than-400000000-in-layer-1-asset-toncoin-according-to-the-ton-foundation/?rand=59076
