Observed Signal · May 3, 2024 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Neutral
Pantera Capital Invests in Telegram Token TON
Pantera Capital, a leading crypto investment fund, is investing in The Open Network (TON), the blockchain powering Toncoin and closely tied to Telegram. Managing Partner Paul Veradittakit highlighted TON's potential to mainstream crypto through Telegram's 900 million monthly active users. TON is currently used to pay for advertising placements in Telegram channels and is expected to support mini-app payments and NFT stickers. Toncoin hit an all-time high of $7.65 in April 2024 before declining about 30%. The network offers low transaction fees and integrates the Tether stablecoin.
Investment in Telegram-linked blockchain TON could expand ad payment options and Web3 advertising within messaging platforms, relevant to AdTech but not industry-shifting.
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Key Takeaways & Evidence Grounding
- Pantera Capital invests in TON, the blockchain behind Toncoin, which is integrated with Telegram.
- Telegram has over 900 million monthly active users.
- TON is used to pay for ad placements in Telegram channels.
- Toncoin reached an all-time high of $7.65 in April 2024, then dropped about 30%.
- TON integrates the Tether (USDT) stablecoin for payments.
Connected Companies & Entities
3 Entities mapped“„Wir glauben, dass TON die Fähigkeit hat, Krypto der breiten Masse näher zu bringen, da es im Telegram-Netzwerk ausgiebig genutzt wird. Tele...”
“Telegram hat über 900 Millionen monatlich aktive Nutzer auf seiner zukunftsweisenden, schnellen und sicheren Messaging-Plattform, die für pe...”
“Wichtig sei auch, dass TON auch den Stablecoin Tether (USDT) integriert habe, der ebenfalls als Zahlungsmittel durch Telegram-User verwendet...”
Ontology Mapping & Concepts
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