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Pantera invests in TON with high expectations for Telegram’s future

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Pantera Capital's undisclosed investment in The Open Network (TON) acknowledges TON's potential as a major player in the blockchain space and its integration with Telegram's massive user base.

Pantera Capital has invested an undisclosed amount in The Open Network . It is the crypto-focused venture capital firm’s “latest” investment in TON and motivated by its connection to the Telegram messaging service, the company said.gives TON “potential to become one of the largest crypto networks,” Pantera said in a long and enthusiastic blog post on its website. Telegram, with its 900 million monthly users and 36.

In a laundry list of TON’s virtues, Pantera said the architecture of the TON blockchain provides performance and scalability that compares favorably with leading blockchains, and its wallet offers high utility with a simple interface.praised the mini-apps“Earlier this year, we observed how memecoin trading tools like BonkBot generated tens of millions of dollars in revenue through Telegram’s user interface.

Source: News Formal (newsformal.com)

 

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