Tag: TON

TON Foundation Scores a Game-Changing $400M to Revolutionize Telegram Crypto

The Open Network Foundation (TON Foundation) just secured a massive $400 million in token-based investments from big-name VCs, signaling serious hype around the Telegram ecosystem.

Who’s Backing TON?

Heavyweights like Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere, and Karatage are all in—scooping up Toncoin, the native crypto powering its blockchain.

Their Foundation calls this more than just an investment move; they see it as a strategic partnership to expand the TON ecosystem—though they’re keeping the details under wraps for now.

What’s TON Blockchain?

The TON blockchain is a decentralized network built for Mini Apps within Telegram. While originally a Telegram project, it’s now an independent chain. But there’s still a major link—This coin is the only accepted crypto for Telegram app services as of January 2024.

And the growth? Insane. The number of their native accounts exploded from 4 million to 41 million in just a year. The foundation claims it has over 121 million unique holders and aims to onboard 30% of active Telegram users within the next three years.

TON

Telegram’s Rapid Growth 📈

Telegram is already a powerhouse, hitting 1 billion monthly active users by March 2024—doubling in less than three years (Source: Demandsage). And it’s not stopping anytime soon.

Benchmark partner Peter Fenton predicts Telegram’s user base will hit 1.5 billion by 2030.

VCs Are Going All-In on Crypto 💵

Venture capital funding is flooding into blockchain projects as the industry gains more legitimacy worldwide. Simon Wu, partner at Cathay Innovation, says crypto and blockchain are becoming legit solutions, especially in asset management, transactions, and tokenization.

And where there’s legit traction, capital follows.

📊 In February 2024, crypto VC deals hit $1.1 billion, with DeFi and business services getting the biggest chunk of funding (Source: Cointelegraph VC Roundup).

🚀 What’s Trending in VC Funding?

  • DeFi protocols
  • Decentralized physical infrastructure
  • Tokenized real-world assets

As more big names jump in, the TON ecosystem and the broader blockchain space are heating up. Expect some wild moves ahead.

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Telegram’s Pavel Durov Leaves France for Dubai, TON Surges 20%

Summary: Telegram creator Pavel Durov has left France for Dubai after a court approved him to leave. His departure follows the continuation of an investigation into illicit use of Telegram. Toncoin (TON) reacted with an 18% jump, to $3.41, in response to the news.

Telegram’s founder, Pavel Durov, has officially left France after receiving court approval to travel. A French judge granted his request on March 13, allowing him to leave the country for several weeks. Sources confirmed he departed from Le Bourget airport near Paris with the authorities’ consent.

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Durov was detained in August 2023 after French prosecutors accused Telegram of enabling criminal activity. He was released on a $5.5 million bail but was prohibited from exiting France until the investigation was concluded. While the court now allows him to travel, it is not clear if he will be required to return.

News of his departure had a strong effect on the crypto market. Toncoin (TON), the cryptocurrency linked to The Open Network, surged over 18% to $3.41. Trading volume jumped 200% to $486 million, pushing its market cap to $8.4 billion.

Durov, who holds Russian, French, and UAE passports, maintains that Telegram is innocent of criminal activity. During a December 2024 hearing, he stated, “I did not create Telegram for criminals,” but conceded that others misuse the platform.

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His move to Dubai, known for its business-friendly policies, has sparked discussions about privacy and regulation. French officials have yet to comment.

TON Blockchain Eyes US Growth Amid Trump Administration Policies

TON Blockchain plans a U.S. expansion under Trump, with investor Manuel Stotz as president, aiming to thrive amid crypto-friendly regulatory hopes.

The TON Blockchain is making big moves, setting its sights on the U.S. market. With Manuel Stotz stepping in as president, this isn’t just a low-key plan—it’s a full-on power play. TON is riding the wave of potential crypto-friendly vibes that came with policies from the Trump era, and they’re not holding back.

The blockchain scene in the U.S. has been heating up, with the demand for decentralized systems going off. TON, with its Telegram-powered roots, thinks it’s the perfect time to slide in and show what it’s got. The focus? Building trust and creating a space where crypto can flourish without feeling like it’s breaking all the rules.

Manuel Stotz, a well-known name in the crypto investor circle, is hyped about steering TON into this next phase. The plan is all about making TON the go-to blockchain for people looking for security, speed, and simplicity.

So, why does this matter? With the U.S. being a major player in the crypto world, TON’s entry could shake things up big time. Keep an eye on this—it’s giving major main-character energy in the blockchain game.

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Hamster DAO Greenlights Layer-2 Blockchain on TON

Hamster Kombat DAO is hyped, voting to build a Layer-2 on TON. Big moves, $1M bounty, and Web3 dominance ahead!

Hamster Kombat is leveling up! Its DAO just voted to roll out a fresh Layer-2 blockchain on TON (The Open Network). This move isn’t just tech talk; it’s about giving the Hamster Kombat community the boost it’s been asking for. With one of the biggest squads in Web3, the team’s gearing up to drop some serious innovation and make waves in the blockchain space.

This news hits right after the DAO approved its first-ever proposal: a series of lit events for token holders featuring a massive $1 million bounty pool. Yeah, you read that right—a milly! The vibes in the community are pure fire as they look forward to what’s next.

The development team has already started working on the Layer-2 blockchain and is fulfilling their pledge to provide DAO with their strategy details shortly. This update is more about maintaining Hamster Kombat’s position as a pioneer in Web3 and decentralized gaming than it is about showing off technical prowess.

So fasten your seatbelt if you’re a member of the Hamster Kombat family! Bigger, better, and bolder movements in the crypto realm are the focus of the upcoming chapter. It’s going to be amazing, so stay tuned.

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