Pantera Capital invests an additional 20 million USD in the TON blockchain

Pantera Capital has invested an additional 20 million USD in the TON blockchain with the aim of investing in the Toncoin (TON) cryptocurrency, which is part of The Open Network project associated with the Telegram messaging app. This investment is made through a new fund called "Pantera TON Investment Opportunity," aimed at increasing ownership of TON tokens amidst significant interest from the investment community, particularly due to the development potential of TON and support from more than 930 million monthly Telegram users.

Previously, Pantera Capital made a large investment in TON in May, the exact value of which was not disclosed, but is believed to mark their largest investment in the history of web3. In light of the positive developments of TON, Pantera Capital also stated that it would consider further investments in projects built on the TON ecosystem to promote this expansion.