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Home»ALTCOIN NEWS»According to Ton Foundation, the venture capital company has invested more than $ 400,000 in Layer-1 Asset Toncoin.
ALTCOIN NEWS

According to Ton Foundation, the venture capital company has invested more than $ 400,000 in Layer-1 Asset Toncoin.

By Crypto FlexsMarch 22, 20252 Mins Read
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According to Ton Foundation, the venture capital company has invested more than $ 400,000 in Layer-1 Asset Toncoin.
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According to the team’s team, the venture capital company has invested more than $ 400 million in Layer-1 Asset Toncoin (TON).

Open Network Foundation, also known as Ton Foundation, is a sequoia Capital, Ribbit, Benchmark, Kingsway, Vy Capital, Draper Associates, Libertus Capital, Coinfund, It is pointed out that it includes Hypersphere, Skybridge and Karatage.

Ton was first developed by the encrypted messaging platform Telegram and was known as the Telegram Open Network, but Telegram broke up with the project following the legal battle with the US Securities and Exchange Commission (SEC) in 2020.

Open Network, an open source developer community, acquired technology management that year. However, the tone can still be sent to Telegram’s 1 billion months monthly active user within the platform without entering a long wallet address.

In January, Ton became a “monopoly blockchain” of Telegram’s mini -app ecosystem.

Shaun Maguire, a partner of Sequoia Capital, said his company is excited about the technology of the layer -1 blockchain and the global distribution of Telegram.

“Ton team is the best in the world at the intersection of consumer products and encryption infrastructure.”

TON is trading at $ 3.61 at the time of writing. The 14th password asset has fallen more than 2% over the last 24 hours.

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Exemptions: The opinions expressed in Daily HODL are not investment advice. Investors must do live action before making high -risk investments in bitcoin, cryptocurrency or digital assets. Transfer and transactions are at their danger, and the loss that can occur is your responsibility. Daily HODL is not recommended to purchase or sell cryptocurrency or digital assets, and Daily HODL is not an investment advisor. Daily HODL participates in affiliate marketing.

Created image: Midjourney

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