2024

Toncoin

Mantle

The Open Network, or TON ecosystem, received an $8 million investment from the web3 company Mirana Ventures. 
According to an Open Network (<a href="https://crypto.news/tag/TON/" target="_blank" rel="noreferrer noopener">TON</a>) <a href="https://blog.ton.org/mirana-backs-toncoin-with-8-million" target="_blank" rel="noreferrer noopener">blog post</a> dated Mar. 6, the team behind TON explained how the strategic investment would be used moving forward. 
<blockquote class="wp-block-quote"> 
 “This collaboration provides financial support to TON and long-term assistance in building Telegram’s Web3 SuperApp, along with collaborating with other blockchains, such as Mantle Network.” <cite>TON team</cite>
</blockquote> 
The TON team reported that, together with Mirana Ventures, it is introducing the SuperApp to promote mass adoption of <a href="https://crypto.news/tag/blockchain/" target="_blank" rel="noreferrer noopener">blockchain</a> technology by accelerating the development of an accessible and user-friendly application. 
 You might also like: <a href="https://crypto.news/telegrams-ipo-preparation-presentation-leaked-online/"> Telegram’s IPO preparation presentation leaked online </a> 
In recent weeks, TON has shown impressive development. In particular, the native token of the Toncoin project (<a href="https://crypto.news/price/Toncoin/" target="_blank" rel="noreferrer noopener">TON</a>) <a href="https://crypto.news/telegram-ton-2024-price/" target="_blank" rel="noreferrer noopener">has grown</a> by 30% over the past month and was nominated for the 2024 <a href="https://crypto.news/tag/CoinMarketCap/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a> Crypto Awards. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="593" src="https://crypto.news/app/uploads/2024/03/Screenshot-2024-03-06-at-18.31.52-1024x593.png" alt="TON receives $8m investment, announces Telegram web3 SuperApp launch - 20" class="wp-image-14256078">
 <figcaption class="wp-element-caption">
 Source: CoinMarketCap
 </figcaption>
</figure> 
Among the possible reasons for the growth, Pavel Durov, founder of the Telegram messenger, announced a new financial reward system in the TON cryptocurrency. Starting in March, owners of <a href="https://crypto.news/tag/Telegram/" target="_blank" rel="noreferrer noopener">Telegram</a> channels from more than 100 countries <a href="https://crypto.news/telegram-ad-revenue-ton-blockchain/" target="_blank" rel="noreferrer noopener">will begin</a> to receive 50% of the income that the messenger earns by placing advertising in their channels. 
The next day, the Telegram founder <a href="https://crypto.news/telegram-limits-its-ton-holdings-at-10-after-channel-owner-rewards-rollout/" target="_blank" rel="noreferrer noopener">announced</a> new measures to limit the platform’s TON share to approximately 10% of the total issue. Durov says this will reduce the token’s volatility and increase the number of long-term cryptocurrency holders. 
 You might also like: <a href="https://crypto.news/binance-to-launch-toncoin-perpetual-contract-amid-market-hype/"> Binance to launch Toncoin perpetual contract amid market hype </a>

TON receives $8m investment, announces Telegram web3 SuperApp launch

crypto.news

Other articles published on Mar 6, 2024

Bitcoin ETF Titan Grayscale Launches A Crypto Staking Fund To Offer Income To Investors

Altcoin dYdX Gears Up for Potential Price Surge

Bitcoin Price Crashes After New ATH, Are Dips Supported At $60K?

Solana Price Stagnant Around $130 As Investors Look For 10X Returns in Algotech

What Bitcoin’s sharp correction from $69k tells you

Ways to Monetize Content in the Metaverse

Join our free newsletter for daily crypto updates!