Ton Foundation Unveils Coinbase Ventures Invested in Toncoin

The Ton Foundation revealed that the Venture arm of Coinbase invested in its network.

The Ton -Ecosystem expands after achieving another important partnership. On Monday, August 11, the Ton Foundation announced that Coinbase Ventures invested in Toncoin Toncoin (Ton).

According to the foundation, the move was a “big voice of trust” for the ecosystem of the open network. It noted that Coinbase joins other prominent VC companies, including Sequoia, Ribbit and Benchmark, which also contain Toncoin.

In March, Ton Foundation insured an investment of $ 400 million from large VC companies. Investors were Sequoia Capital, Ribbit, Paradigm, Benchmark and Kingsway, who invested through Toncoin.

The foundation emphasized that this was not a traditional financing round in which the shares of VCs buy. Instead, the Venture companies Toncoin bought directly and gambled at its usefulness in the Ton ecosystem.

In July, Bloomberg reported That the Ton Foundation tries to set up a crypto -outskist company for Toncoin. The foundation stated that it strives that the company has at least $ 400 million in Toncoin.

Ton uses telegram for growth

The narrow tires of Ton with the Telegram Messenger remain the most important growth motor. According to Statista, Telegram has More than 1 billion Monthly active users, who hopes to convert Ton in Crypto -Inborlingen.

In particular, Ton serves as the utility for the Telegram mini apps, which enable blockchain integration. This has brought various viral clicker apps, including Notcoin, who have more than 650,000 users at some point.

Hype about viral mini apps pushed his Defi TVL in January 2024 from almost $ 800 million to his all-time high. However, since then this figure has fallen $ 152.48 millionBecause users lost interest in clicker apps.