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<ul> 
 <li>Pantera Capital’s investment in TON signals a pivotal moment in crypto, sparking a 10% surge in value.</li> 
 <li>TON, backed by Telegram, boasts 900 million users, potentially introducing crypto to the masses.</li> 
 <li>Pantera Capital’s diversified approach includes TON investment, highlighting its confidence in the project’s future.</li> 
</ul> 
<p><a href="https://cryptonewsland.com/pantera-capital-ceo-huge-blockchain-rally-incoming/">Pantera Capital</a>, a leading crypto venture capital firm, as of late contributed to the Open Network (TON) blockchain. Even though the amount was not unveiled, the stage has shared its excitement for investing in TON, which is fundamentally driven by its widespread use on Telegram.</p> 
<p>Pantera Capital suggests that TON could introduce crypto to the large public. TON, originally developed by Telegram, has gained significant traction within the Telegram network, with more than 900 million monthly active users.</p> 
<p>Recent updates include the integration of Telegram’s Toncoin (TON) token for ad revenue sharing and reward distribution. TON in particular surged more than 10% following the announcement.</p> 
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   <p lang="en" dir="ltr">We are thrilled to announce our investment in TON – a layer 1 network designed by Telegram, for Telegram.<br><br>We believe TON, which can leverage a network of 900 million monthly active users, can truly introduce crypto to the masses.<a href="https://t.co/AzGxL5lpXc">https://t.co/AzGxL5lpXc</a></p>— ryan.wallet (@Ryan__Barney) <a href="https://twitter.com/Ryan__Barney/status/1786062404323078261?ref_src=twsrc%5Etfw">May 2, 2024</a>
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<p>Ryan Barney, Senior Investment Associate and Investor at Pantera Capital, shared X’s post revealing the company’s initial investment in TON. He wrote that he believes TON, which can leverage its network of 900 million monthly active users, can truly introduce crypto to the masses. TON’s recent adoption of in-platform advertising and Tether (USDT) payments. They assert that Telegram is the only social platform “free from regulatory hurdles to incorporate Web3 for an open blockchain network.”</p> 
<p>The company anticipates continued growth and adoption of TON among Telegram users, emphasizing its scalability and cost-effectiveness for transactions. TON is a blockchain initiative built by Telegram.</p> 
<p>It is outlined as a decentralized organization able to support different applications. <a href="https://cryptonewsland.com/ton-network-hits-over-140m-tvl-milestone-amid-surging-toncoin-price/">The TON ecosystem </a>is broad and incorporates TON Blockchain, TON Storage, TON DNS, and TON Services.&nbsp; Among these elements, the backbone of TON Network is TON Blockchain.</p> 
<p>Pantera Capital’s investment in TON is in line with its diversified investment approach, which extends to acquiring discounted Solana (SOL) tokens. Additionally, the company is in the process of raising a new fund of $1.25 billion (Fund V) to invest in various crypto assets, including Block startup equity and liquid tokens. Fund V aims to pull in qualified financial specialists with a least speculation prerequisite of $1 million, with to begin with closing planned for April 1, 2025.</p> 
<p>Pantera Capital’s commitment to growing its venture portfolio is clear in its endeavors to back the development of promising crypto ventures like TON, reflecting the company’s proactive position within the ever-evolving crypto market landscape.</p> 
<p>On the other hand, the <a href="https://www.coingecko.com/id/koin_koin/toncoin">TON price jumped</a> 10.86% within 24 hours. Also, TON has seen a surge in notoriety, presently positioning as the 10th biggest cryptocurrency with an advertising cap of $17.6 billion. Trading at around $5.38 per token, TON’s rise underscores its expanding noticeable quality within the crypto scene.</p> 
<p>Overall, Pantera Capital’s investment in TON advance highlights the network’s potential, driven by its versatility and cost-effective exchange expenses. These variables position TON as a competitive choice for crypto installments and exchanges, contributing to its rise within the market rankings.&nbsp;</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
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 <li><a href="https://cryptonewsland.com/pantera-fund-v-targets-1-billion-to-fuel-blockchain-asset-diversification/">Pantera Fund V Targets $1 Billion to Fuel Blockchain Asset Diversification</a></li>
 <li><a href="https://cryptonewsland.com/pantera-capital-ceo-huge-blockchain-rally-incoming/">Pantera Capital CEO: Huge Blockchain Rally Incoming</a></li>
 <li><a href="https://cryptonewsland.com/toncoin-soars-almost-90-amid-telegram-integration-hype/">Toncoin Soars Almost 90% Amid Telegram Integration Hype</a></li>
 <li><a href="https://cryptonewsland.com/telegram-now-allows-users-to-send-crypto-via-its-app/">Telegram Now Allows Users to Send Crypto via Its App</a></li>
 <li><a href="https://cryptonewsland.com/telegram-unveils-ton-space-a-global-self-custodial-crypto-wallet/">Telegram Unveils TON Space: A Global Self-Custodial Crypto Wallet</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/pantera-capitals-ton-investment-propels-crypto-to-new-heights/">Pantera Capital’s TON Investment Propels Crypto to New Heights</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Pantera Capital’s TON Investment Propels Crypto to New Heights

Crypto News Land

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