This image highlights that the TON (The Open Network) Foundation has successfully raised $400 million through a private token sale. The investment comes from several prominent venture capital firms, including CoinFund, Hypersphere, Ribbit Capital, Kingsway Capital, Benchmark, and Libertus Capital.
The TON Foundation is a decentralized community dedicated to supporting and empowering projects built on the TON blockchain. This significant funding could play a crucial role in the network's growth, adoption, and expansion within the Web3 and blockchain ecosystem.
TON is a leading blockchain project initially developed by Telegram but later became an independent open-source initiative. Its goal is to provide fast transactions, low fees, and high scalability for users and developers.
This successful fundraising demonstrates the confidence of major investors in TONโs future and its potential role in the decentralized digital economy. 0 reply
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