Pantera Capital, a crypto-focused venture capital firm managing over $5 billion in assets, has invested in TON, according to The Block.

Pantera Capital announced the investment in TON in a statement today, saying:

"We believe that TON has the potential to bring crypto to a much larger audience, given its widespread use on the Telegram network.

We see TON as being in its early development stages, and we are eager to see how the Telegram user base adopts its ecosystem and new features.

The scalability of the TON network allows transactions between two users for a flat fee of about $0.10, which is 66% cheaper than other crypto payment platforms. Furthermore, built-in onramps and offramps, such as bank transfers and exchanges, are being introduced to enhance accessibility and usability."

TON is a Layer 1 blockchain network initially created by the messaging platform Telegram and is now maintained by an open-source community.

Following the announcement, the price of TON began to climb. #altcoins #TONCOİN #Cryptocurrencies #AltcoinStrategies #BlockchainJob