Oh, would you look at that! The TON Foundation has just snatched up a juicy $400 million from some of the fanciest venture capital peacocks around. Sequoia Capital, Ribbit, Paradigm, Benchmark, and Kingsway all lined up to throw their gold coins into the TON hat.
In a rather grand press release sent to crypto.news on March 20, TON gloated about how these bigwig investors are all hot and bothered over its infrastructure. Scaling financial applications in Telegram’s cozy ecosystem has everyone’s knickers in a twist!
TON and Telegram are tighter than a duck’s behind. This year, TON waltzed in as the backbone for Telegram’s Mini Apps Ecosystem, letting developers cook up all sorts of financial wizardry for Telegram’s billion-strong army of users.
This little love affair has sparked a growth spurt that’s got investors drooling. The press release boasts that the number of active accounts on the TON network has ballooned from 4 million to 41 million in just a year. And the number of Toncoin (TON) holders? A whopping 121 million! That’s more than the number of Bitcoin wallet holders. Take that, Satoshi!
TON Foundation is now gunning to charm 30% of Telegram’s active users — that’s a cool 450 million folks — by 2028. They’re planning a whole smorgasbord of decentralized finance tools, mini-games, and in-app payment shenanigans, topped off with on-chain collectibles and rewards. What a party!
Peeking into the Crystal Ball
With $400 million burning a hole in its pocket, TON is ready to paint the town red. The cash injection is set to supercharge user acquisition, tickle developers with incentives, and jazz up product development. As Telegram spreads its wings, TON is poised to become the backbone of financial services on the platform. Watch out, blockchain world!
The investors are so confident in TON’s future, they’re practically doing backflips. Shaun Maguire, a partner at Sequoia Capital, gushed, “The TON team is the best in the world at the intersection of consumer product thinking and crypto infrastructure. When you combine this with the global distribution of Telegram, we’re very excited to see where they go.”
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2025-03-20 17:34