Summary
- The TON Foundation has reportedly raised new funds amounting to $400 million.
- This investment involved global venture capitals such as Sequoia Capital, Ribbit Capital, and Benchmark Capital purchasing TON.
- Investors have focused on the potential of TON to provide utility within Telegram.
The TON Foundation has raised new funds amounting to $400 million.
According to The Block on the 20th, the TON Foundation recently secured an investment of $400 million. This investment was made through the purchase of TON by global venture capitals (VC) such as Sequoia Capital, Ribbit Capital, and Benchmark Capital.
TON is a cryptocurrency based on Telegram. According to the TON Foundation, as of the end of last year, there were 121 million holders of TON. The TON Foundation stated, "Investors have bet on the potential of (TON) to provide real utility within Telegram."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
