Bitcoin and altcoin venture capital firm Pantera Capital has announced that it has established a new fund to invest in The Open Network (TON), reiterating its belief in Telegram’s TON blockchain. This new funding follows the firm’s initial investment in TON tokens and demonstrates Pantera’s long-term commitment to this project. Meanwhile, investment developments in other cryptocurrency companies also attracted attention.
Pantera focused on altcoin TON
The new fund, called the Pantera TON Investment Opportunity, aims to raise capital to purchase additional TON tokens to support developments in the TON ecosystem and increase token adoption. In an email sent to potential investors earlier this week, Pantera invited investors to participate in its upcoming investment round. To take part in the fund, interested parties must express their interest through a form by June 21. The form specifies a minimum investment requirement of $250,000 for investors.
This latest venture demonstrates Pantera’s belief in TON and their commitment to this project. Pantera invested in TON in March, making one of the largest investments in the company’s history. Although the terms of the agreement at that time were not made public, it is known that the investment was made at a significant discount. “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,” Ryan Barney, a partner at Pantera, said in a statement last month.
cryptokoin.com As we reported, The Open Network (TON) is a layer 1 blockchain platform developed by Telegram. TON is a platform that stands out with its high transaction capacity, low transaction fees and scalability. The platform supports smart contracts, decentralized applications and other advanced DeFi solutions.
What were the other cryptocurrency investments?
Pantera Capital’s increase in its investments in TON is an indication of its belief in this project and its confidence in its long-term potential. As TON continues to evolve, Pantera’s investment could help accelerate adoption and growth of the platform. Meanwhile, the following developments also attracted attention
- DePIN Raised $5 Million to Improve Personal Data Storage Infrastructure: DePIN has raised $5 million in funding to develop its personal data storage infrastructure and provide decentralized storage and encryption services to users.
- Gudchain Raises $5 Million to Bring GameFi Mainstream: Blockchain gaming platform Gudchain has raised $5 million to bring GameFi to the mainstream through parallel gaming chains.
- Bitcoin DeFi Protocol Ordinox Raises $1 Million in Funding: Bitcoin DeFi protocol Ordinox has raised $1 million in funding to offer DeFi services on Bitcoin based on a native liquidity pool powered by the Cosmos SDK.
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