In a significant move to support the growth of the TON (The Open Network) ecosystem, popular crypto exchange Bitget and prominent venture capital firm Foresight Ventures have announced a strategic investment of $30 million in the TON token. The investment, which will be realised through the purchase of discounted TON tokens, marks a major commitment by both entities to the long-term development of the TON blockchain and related crypto projects.
⚡️ @Bitgetglobal and @ForesightVen have invested $30M in @TON_Blockchain
Crypto exchange Bitget and Foresight Ventures announced a $30M investment into The Open Network blockchain. The funding will be allocated through the acquisition of $TON tokens and will be focused on… pic.twitter.com/bVp2HA1qTz
— CryptoDep #StandWithUkraine (@Crypto_Dep) September 18, 2024
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One of the key objectives of the investment is to promote and accelerate the entry of high-potential decentralised applications (dApps) into the TON ecosystem.
Both Bitget and Foresight Ventures have expressed full confidence in the TON blockchain network’s ability to attract developers and projects that could drive innovation in the blockchain space. With this infusion of capital, the partners expect a rapid influx of new dApps and services, further cementing TON’s position as a competitive blockchain platform.
New Crypto Projects in the Telegram Ecosystem
Over the last couple of months, many crypto projects have launched within the Telegram ecosystem. The majority of these new crypto projects are using Telegram as a digital space to directly register users’ identities and enable gaming activities for their crypto projects. For their tokens, they are using the TON network.
The combination of Telegram and the TON blockchain network, via Telegram bots, has made it easier for crypto projects to attract users’ attention.
Ton Coin Price Action
Currently, the Ton coin is trading at $5.53, which is a 0.6% increase over the last 24 hours. However, the price action graph of this token shows that this news has not significantly impacted the token’s trading price.
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