Bitget and Foresight Ventures Invest $30 Million in TON Blockchain to Catalyse Growth of Telegram-based Projects
Bitget, the world’s leading cryptocurrency exchange and Web3 company, and Foresight Ventures, a leading Web3 investment firm, have announced a strategic investment of $30 million into The Open Network (TON Blockchain). This investment will be allocated through the acquisition of TON tokens, and it will further accelerate the adoption of Tap-to-Earn, GameFi, and new emerging trends within the TON ecosystem.
The TON-based projects present a strong use case for the Telegram ecosystem, which has seen substantial growth in recent years as it expands its offerings for Web3 startups. According to a recent TON report from Bitget Research, the TON blockchain, which benefited from Telegram’s 900 million users, has rapidly become one of 2024’s fastest-growing blockchains. It has experienced over tenfold growth in on-chain transactions, ecosystem TVL, and DEX trading volume, leading to trendy dApps … 1 reply
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