The Open Network (TON) blockchain, which powers Telegram messenger applications, has raised $400 million in investments from well-known American venture capital companies, including Sequoia Capital, Ribbit Capital, Benchmark Ventures, Kingsway Capital, and Draper Associates. In these decentralized applications, payment is made with Toncoin (TON) tokens, and it is these coins worth more than $400 million that the above-mentioned venture funds own.
Over the past year, the number of active accounts on the TON blockchain has grown from 4 to 41 million, and the number of Toncoin holders has exceeded 121 million. The number of Toncoin holders has exceeded the number of bitcoin wallets. Telegram reached 1 billion users — and became the second most popular messenger in the world.
TON Foundation plans to attract 30% of active Telegram users to the TON blockchain by 2028. This will be facilitated by four key verticals: attracting users through their own Telegram IP address (stickers, gifts, and collectibles); introducing interesting and useful multiplayer mini-gamesproviding DeFi solutions for easy-to-use savings options; creating practical payment applications.
Toncoin and related tokens have been growing rapidly over the past week. After a statement on Telegram, in which Pavel Durov confirms that he has returned home to Dubaithe price of Toncoin has increased by 24%. Currently, the token is hovering around $3.5, which is still a long way from its high of $8.24 (June 2024).
Source: The Open Network Foundation