Pantera Capital Invests Big in TON Network, Impacting TONcoin
Venture capital firm Pantera Capital recently made a significant investment in The Open Network blockchain. This investment news, disclosed on Thursday, led to a notable 9% surge in the network’s native token, TONcoin (TON), driving its value over the $5 threshold.
Pantera Capital’s Optimism Towards TON And Telegram Collaboration 🚀
In an official statement, Pantera Capital expressed great excitement about their latest investment in TON. The Layer 1 network was initially conceptualized by Telegram and then further developed by the open-source community. The platform’s potential to introduce cryptocurrency to a wider audience is promising, especially considering its extensive utilization within the Telegram network.
– The mass adoption potential of TON through Telegram integration
– Pantera Capital’s enthusiastic announcement and positive outlook on TON
– Leveraging Telegram’s huge user base and user experience for TON growth
Telegram, a platform with over 900 million monthly active users, is renowned for its personal and group communication functionalities, community engagement features, content sharing options, and more. Pantera Capital believes that by tapping into Telegram’s vast user base and seamless user experience, in combination with TON’s expanding ecosystem, the network could potentially become a major player in the cryptocurrency industry.
The official statement from Pantera Capital highlights their excitement and confidence in the TON network’s capabilities to introduce cryptocurrencies to a broader audience, as it is extensively used within Telegram.
The integration of TON with Telegram aligns well with the platform’s vision of establishing a smooth and borderless peer-to-peer (P2P) payment experience among its user base.
Tether And The Open Network Partnership 🤝
As previously reported by experts, Tether, the company responsible for the largest stablecoin in the market, USDT, recently unveiled the introduction of its USDT dollar-pegged token and Tether Gold (XAUT) on The Open Network. This integration further enhances the potential for peer-to-peer payments within Telegram’s extensive user base, a development that Pantera Capital intends to leverage for further growth.
Alongside the investment in TON, Pantera Capital is actively working on the launch of a new fund, Pantera Fund V, with a target to raise over $1 billion. This fund is designed to offer investors a diverse range of investment opportunities across the blockchain asset spectrum, including startup equity, early-stage tokens, and liquid tokens.
– Pantera Capital’s expansion into new investment opportunities
– Pantera Fund V’s aim to provide diverse investment choices
– The establishment of a $1 million minimum investment threshold for qualified investors
Insiders familiar with the situation have indicated that Pantera Fund V is expected to reach a similar size as its predecessor, which successfully raised approximately $1.25 billion in capital two years ago.
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