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Today: December 8, 2024
March 7, 2024
1 min read

Millions flow into TON Foundation from Mirana Ventures

TLDR:

  • TON Foundation has secured an $8 million investment from Mirana Ventures through a public purchase of Toncoin.
  • The partnership will see collaboration in building Telegram’s Web3 SuperApp, with exclusive access to Telegram’s advertising platform for Mirana Ventures.

The TON Foundation has announced that it has secured an $8 million investment from Mirana Ventures, a Web3 venture capital firm. This investment was completed through a public purchase of Toncoin, marking the beginning of a long-term partnership between the two companies. The collaboration will focus on building Telegram’s Web3 SuperApp, with Mirana Ventures gaining exclusive access to Telegram’s advertising platform as part of the deal. Additionally, Bybit, a partner of Mirana Ventures, will provide liquidity to TON Space users, a Web3 wallet that TON operates on Telegram.

According to TON, this partnership is in line with their vision of creating a blockchain of blockchains as they expand their Web3 ecosystem. The introduction of RFQ (request-for-quote) technology is expected to improve transaction efficiency, price optimization, security, and stability within the TON Ecosystem. This technology allows buyers to request price quotes for specific asset quantities from various suppliers, creating a more personalized trading experience and reducing risks such as slippage and market manipulation.

Overall, TON Foundation believes that this partnership will accelerate the adoption of blockchain technology by providing users with an easily accessible and user-friendly Telegram Web3 SuperApp. By targeting key areas such as advertising, liquidity provision, and transaction optimization, TON and Mirana Ventures aim to enhance the overall user experience within the Web3 space.

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