Toncoin

Momentum

Mantle

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/telegrams-ton-blockchain-gains-momentum-with-new-investment-and-product-development" rel="noopener noreferrer nofollow">Telegram’s TON Blockchain Gains Momentum with New Investment and Product Development</a><br></p>
<p style="text-align: justify">In a recent surge of interest, Telegram’s TON blockchain ecosystem, which integrates a novel advertising platform, has drawn significant investment, particularly from Mirana Ventures with an $8 million purchase of the native Toncoin token. This investment aims to boost product enhancements involving the TON Foundation, Bybit exchange, and <a href="https://en.bitcoinhaber.net/ethereums-surge-against-bitcoin-a-glimpse-into-the-crypto-power-shift" rel="noopener noreferrer nofollow">Ethereum</a>‘s Layer-2 Mantle Network. With a massive 800 million monthly active user base, Telegram’s platform offers Web3 entities an attractive opportunity for exposure and revenue via advertising.</p>
<h2 id="ton-blockchain-s-market-expansion">TON Blockchain’s Market Expansion</h2>
<p style="text-align: justify">The TON blockchain network has officially introduced a Telegram Advertising Platform as of March 2024, where channel owners can earn and sell ad space for Toncoin rewards. Bybit, a <a href="https://en.bitcoinhaber.net/bitcoins-role-in-the-climate-change-battle-a-double-edged-sword" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange, has been actively engaging with the TON ecosystem, unveiling a Toncoin rebate program and staking opportunities in 2023. Its participation has contributed to a significant transaction volume of over $22 million, stemming from approximately 130,000 Telegram users. Bybit aims to tap into Telegram’s extensive user base through this advertising platform. Initially, the TON project was developed by Telegram but was later handed over to developers after a legal standoff with the U.S. SEC in May 2020.</p>
<h2 id="strategic-collaborations-and-ecosystem-growth">Strategic Collaborations and Ecosystem Growth</h2>
<p style="text-align: justify">Apart from Mirana Ventures’ investment, the TON Foundation has fostered the integration of TON Space and Mantle Network, connecting Telegram users to new services like gamified campaigns. David Toh of Mirana Ventures believes that TON’s integration with Telegram provides a strategic advantage for widespread crypto and Web3 adoption. TON Foundation President Steve Yun has acknowledged the keen interest of industry stakeholders in leveraging the TON ecosystem’s reach through Telegram. Animoca Brands, a Web3 investment firm, has also heavily invested in the TON network, becoming its largest validator through a private investment deal that included Toncoin purchases and subsequent staking.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/telegrams-ton-blockchain-gains-momentum-with-new-investment-and-product-development" rel="noopener noreferrer nofollow">Telegram’s TON Blockchain Gains Momentum with New Investment and Product Development</a></h5>

Telegram’s TON Blockchain Gains Momentum with New Investment and Product Development

목차

BH NEWS

2024년 3월 6일에 게재된 다른 기사

Surprise Altcoin Founder to Speak at the Panel Chaired by Nvidia’s CEO

Fed Chair Powell Sheds Light on Economic Trends as Investors Eye Inflation Data and Crypto Movements

BlackRock Bitcoin ETF Capitalizes, Adds 12.6K BTC in Tuesday’s Tumble

Donald Trump Reportedly Seeks Campaign Donations from Elon Musk

‘Boring’ Apes Come Home divides opinion but the kids love it

Astar Network launches Astar zkEVM on Polygon AggLayer

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!