As a seasoned crypto investor with a keen interest in the latest developments within the blockchain industry, I’m thrilled to see Pantera Capital’s recent investment in The Open Network (TON). Having closely followed Telegram and its user base, I can attest to the massive potential of this collaboration.
“Pantera Capital has recently invested an undisclosed sum into The Open Network (TON). This is their latest move in supporting TON, driven by its association with Telegram Messaging Service.”
In April, Telegram’s announcement to integrate TON opened up a significant opportunity for TON to expand and potentially rank among the largest cryptocurrency networks, according to Pantera’s extensive and elated blog post published on their website. With its massive user base of 900 million monthly users and 36.7 million monthly downloads, Telegram holds an advantageous position in introducing crypto to a broader audience due to its alignment with the Web3 philosophy.
Among the many commendable aspects of TON, as enumerated by Pantera, is its blockchain architecture’s impressive performance and scalability, which rival those of top-tier blockchains. Additionally, its wallet boasts a user-friendly interface while delivering substantial functionality.
Pantera also praised the mini-apps TON enables on Telegram:
“Earlier this year, we observed how memecoin trading tools like BonkBot generated tens of millions of dollars in revenue through Telegram’s user interface. TON-based applications, such as StormTrade, now enable users to trade perpetuals, cryptocurrencies, stocks, and equities using the same interface.”
Additionally, Telegram introduces fresh methods for earning income, including the potential to share in ad revenues and trade customizable usernames, virtual phone numbers, and unique emojis.
noteworthy connection made between Telegram and TON, according to Pantera; originally intended to be integrated, but TON’s first attempt was halted by the US Securities and Exchange Commission; however, after its relaunch, Telegram managed to reunite with TON, making it the primary messaging platform to adopt Web3 technology.
Messenger encountered insurmountable regulatory challenges in implementing the Libra coin project, ultimately deciding to abandon it. WeChat’s application of the digital yuan is currently restricted, according to Pantera’s assessment.
Pantera manages a total of $5.2 billion in assets spread across four funds. In the month of April, they unveiled plans to establish a fresh fund with an initial capital of one billion dollars.
CryptoMoon attempted to gather additional details from Pantera, yet failed to receive a reply before the article went live.
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2024-05-02 21:04