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Capital venture companies have invested more than $ 400 million in layer 1 of Toncoin (tone), according to the team behind the project.
The Open Network Foundation, also known as Ton Foundation, notes that investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, Vy Capital, Draper Associates, Libertus Capital, Coinfund, Hypersphere, Skybridge and Karatage.
Ton was initially developed by the encrypted messaging platform Telegram and known as Telegram Open Network, but Telegram separated from the project in 2020 following a legal battle with the Securities and Exchange Commission (SEC) of the United States.
The open network, an open source community of developers, resumed technology management that year. Ton, however, can still be sent by the 1 billion active monthly users of Telegram in the platform without entering long wallet addresses.
In January, Ton became the “exclusive blockchain” of the Telegram mini applications ecosystem.
Shaun Maguire, partner of Sequoia Capital, said that his business is enthusiastic about layer 1 blockchain technology and its access to the global distribution of Telegram.
“The Ton team is the best in the world at the intersection of the thought of consumer products and cryptographic infrastructure.”
Your negotiated at $ 3.61 at the time of the editorial staff. The classified cryptographic asset of the 14th by market capitalization is down more than 2% in the last 24 hours.
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