{"id":125482,"date":"2025-03-20T16:16:26","date_gmt":"2025-03-20T16:16:26","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125482"},"modified":"2025-03-20T16:16:26","modified_gmt":"2025-03-20T16:16:26","slug":"ton-foundation-raises-400m-via-token-sale","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125482","title":{"rendered":"TON Foundation raises $400M via token sale"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe Open Network Foundation, also known as TON Foundation, has raised more than $400 million in token-based investments from several venture capital firms, signaling growing interest in the Telegram messaging ecosystem.\u00a0<br \/>\nSequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere and Karatage participated in the investment by purchasing Toncoin (TON), the native cryptocurrency of The Open Network.\u00a0<br \/>\nTON Foundation described the token purchases as strategic partnerships that will help expand the TON ecosystem, though no further details were provided.<br \/>\nTON blockchain is a decentralized network that supports the development of Mini Apps for the Telegram ecosystem. Although TON was initially developed by Telegram\u2019s founders, it now operates as an independent chain.\u00a0<br \/>\nAs of January, Toncoin is Telegram\u2019s only accepted crypto for app services.<br \/>\nTON blockchain has seen significant growth over the past year, with native accounts rising from 4 million to 41 million. TON Foundation claims that the Toncoin cryptocurrency has more than 121 million unique holders.\u00a0<br \/>\nAccording to the announcement, TON Foundation seeks to onboard 30% of active Telegram users to the blockchain in the next three years.\u00a0<br \/>\nBy March, Telegram had 1 billion monthly active users, doubling in just under three years. Source: DemandsageBenchmark partner Peter Fenton said Telegram\u2019s user base is expected to eclipse 1.5 billion by 2030.\u00a0<br \/>\nRelated: Toncoin surges as Pavel Durov leaves France after months<br \/>\nVenture capital deals on the rise<br \/>\nVenture capital funding continues to pour into blockchain projects as the industry gains newfound legitimacy in the United States and other markets.\u00a0<br \/>\nAccording to Simon Wu, partner at the San Francisco-based venture firm Cathay Innovation, crypto and blockchain projects \u201care gaining traction as viable solutions, especially in financial sectors like asset management, transactions, and tokenization.\u201d<br \/>\nAs legitimacy grows, capital follows.<br \/>\nCointelegraph reported earlier this month that crypto venture capital deals topped $1.1 billion in February amid renewed interest in decentralized finance services.<br \/>\nBlockchain projects specializing in business services and DeFi attracted the lion\u2019s share of venture financing in February. Source: The TIEThe latest Cointelegraph VC Roundup also showcased growing venture capital interest in decentralized physical infrastructure networks and real-world assets.<br \/>\nRelated: Crypto VCs are \u2018especially bullish\u2019 on DePIN, RWAs \u2014 HashKey Capital<a href=\"https:\/\/cointelegraph.com\/news\/ton-foundation-raises-400m-token-sale?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe Open Network Foundation, also known as TON Foundation, has raised more than $400 million in token-based investments from several venture capital firms, signaling growing interest in the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125482"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125482"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125482\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125482"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}