In recent months, the topic has gained more attention, and Pantera’s announcement could boost mid-term optimism. During a particularly dull market period, the best news for an altcoin was the announcement of a multi-million dollar investment. Pantera Capital made this announcement.
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The crypto venture capital firm Pantera has moved to invest in The Open Network’s Toncoin. The company, which had previously invested in the TON project, informed potential investors via email. The email was titled “Pantera TON Investment Opportunity,” and that was the name of the fund.
Pantera partner Ryan Barney said last month:
“We believe the TON network is still in its early stages and are excited to witness the adoption of its ecosystem and new features by the Telegram user base.”
Formerly known as Telegram Open Network, the TON Blockchain refunded over $1.2 billion from the sale of tokens named Grams in 2019. After a lawsuit in the US, the project was developed by a foundation and severed its corporate ties with Telegram.
