TON Foundation reveals Coinbase Ventures invested in Toncoin

The Ton foundation revealed that the Coinbase venture capital branch has invested in its network.

The ecosystem of your develops after obtaining another major partnership. On Monday August 11, the Ton Foundation announced that Coinbase Ventures had invested in Toncoin Tones (TONNE).

According to the Foundation, this decision was a “major vote of trust” for the open network ecosystem. He noted that Coinbase joins other eminent venture capital companies, notably Sequoia, Ribbit and Benchmark, which also contain Toncoin.

In March, the Ton Foundation obtained a $ 400 million investment Large venture capital companies. Investors understood Sequoia Capital, Ribbit, Paradigm, Benchmark and Kingsway, which invested by Toncoin.

The Foundation stressed that it was not a traditional financing cycle in which VCS buys the actions of the company. Instead, venture capital companies have directly bought Toncoin, betting on its usefulness in the tone ecosystem.

In July, Bloomberg reported May the TON Foundation seek to create a cryptographic cash flow company for Toncoin. The Foundation said it aims to the company to have at least $ 400 million in tongoin.

Your telegram leverages for growth

The narrow tones of tone with the Messenger Telegram remain its main growth engine. According to Statista, Telegram has More than a billion Monthly active users, which you hope to convert into cryptographic natives.

More specifically, your uses as a utility token for the mini-appliations of Telegram, which allow the integration of the blockchain. This has brought several viral clicker applications, in particular Notcoinwhich at one point had more than 650,000 users.

Media threshing on viral mini-supports propelled its TVL DEFI at its top of all time in January 2024 by almost $ 800 million. However, since then, this figure fell to $ 152.48 millionAs users have been detained for Clicker Applications.