Pantera Capital, an American venture fund, has announced that it has invested a record amount of money in TON. The exact investment amount is not disclosed yet, but some assumptions can be made:
- The fund has funded (though jointly) many heavyweights in the industry, such as Bakkt, Bitso, and Alchemy, which at some point raised between $250 to $300 million.
- The fund planned to raise a similar amount to acquire #Solana ($SOL) from FTX.
- Pantera recently announced raising $1 billion in a new structure.
Dan Morehead, the CEO of Pantera Capital, mentioned having recently dined with Pavel Durov and being "hypnotized by the purity of his convictions."
The investment giant explained its decision to invest in #TON by the project's potential to become one of the largest #crypto networks.
"Thanks to the dynamic sharding mechanism, the TON blockchain can process millions of transactions per second and effectively scale as the number of users grows," said Pantera Capital leaders in a letter.
They also highlighted Telegram's enormous potential in terms of mass cryptocurrency adoption, pointing out the popularity of internal mini-applications like Notcoin, new earning methods, and USDT stablecoin payments on the TON platform.
