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Key Points: – TON Foundation secured over $400 million from top venture capital firms to enhance its blockchain ecosystem.– TON aims to onboard 30% of Telegram users by 2028 through DeFi solutions, in-app collectibles, mini-games, and payment applications. The Open Network Foundation (TON Foundation) has announced a major investment of over $400 million in its native cryptocurrency, Toncoin (TON), from a consortium of venture capital firms. Leading investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, Vy Capital, Draper Associates, Libertus Capital, CoinFund, Hypersphere, SkyBridge, and Karatage, among others. TON Foundation announces leading US-Based VCs invest over $400M in Toncoin. This list includes such respected names as: 🔹@sequoia,🔹@RibbitCapital,🔹@benchmark,🔹Kingsway,🔹Vy Capital,🔹@drapervc,🔹Libertus Capital,🔹@coinfund_io,🔹@hypersphere_,🔹@SkyBridge,🔹and… pic.twitter.com/907JT9Xs7n — TON 💎 (@ton_blockchain) March 20, 2025 TON Blockchain Secures Major Funding as Telegram Integration Fuels Expansion Toncoin serves as the primary currency for The Open Network (TON), a decentralized layer-1 blockchain designed to support digital payments, decentralized applications (dApps), and network operations. The funding aims to drive further growth, enhance user adoption, and expand product development within the TON ecosystem. A key driver of TON’s recent expansion has been its integration with Telegram, one of the world’s largest messaging platforms with over a billion active users. Earlier this year, TON became the underlying blockchain for Telegram’s Mini Apps Ecosystem, enabling developers to build financial services and interactive applications directly within Telegram. As a result, TON’s user base has grown significantly. Over the past year, the blockchain has recorded more than 40 million active users, with Toncoin holders surpassing 121 million, according to a statement from TON Foundation. Strategic Plan Targets 30% of Telegram Users by 2028 Looking ahead, TON Foundation aims to onboard 30% of Telegram’s active user base—approximately 450 million people—onto its blockchain by 2028. The strategy focuses on four core areas: Leveraging Telegram’s in-app features such as stickers,…

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Filed under: News - @ March 20, 2025 8:21 pm