TLDR:
Key Points:
- Pantera Capital invests in The Open Network (TON) blockchain, aiming for mass adoption through integration with Telegram.
- TON’s recent features, like ad revenue-sharing and partnership expansions, have attracted investor confidence.
Pantera Capital, a leading crypto venture capital firm, has made an undisclosed investment in The Open Network (TON), highlighting TON’s potential to reach a vast user base through its integration with the popular messaging platform Telegram. With over $5 billion in assets under management, Pantera Capital sees TON as a key player in bringing cryptocurrency to the mainstream.
The recent implementation of ad revenue-sharing on Telegram, utilizing the Toncoin (TON) token, showcases the platform’s utility and potential for mass adoption. This feature allows channel owners to earn 50% of advertising revenue generated within their channels, tapping into Telegram’s impressive monthly active user base of over 900 million.
Following the investment from Pantera Capital, TON announced partnerships with stablecoin issuer Tether, offering USDT and XAUT stablecoins on the TON blockchain. Additionally, TON developers have allocated funds to promote a palm-scanning identity verification technology, signaling further innovations within the ecosystem.
As a result of these developments, TON’s token price has seen a significant increase, currently trading at $5.39 with a 12.45% rise in the last 24 hours. The ongoing expansion and integration efforts with Telegram position TON as a key player in the crypto space, attracting the attention of both investors and users alike.
