Pantera Capital Establishes New Fund to Invest in The Open Network (TON) Blockchain

Bitcoin and altcoin venture capital firm Pantera Capital has announced that it has established a new fund to invest in The Open Network (TON)

Bitcoin and altcoin venture capital firm Pantera Capital has announced a new fund to invest in The Open Network (TON), reiterating its bullishness on Telegram’s TON blockchain. The new funding follows the firm’s initial investment in TON tokens earlier this year.

Pantera Capital to launch new fund for TON

The new fund, dubbed the Pantera TON Investment Opportunity, will reportedly raise capital to buy more TON tokens and support development in the TON ecosystem and drive token adoption. In an email sent to potential investors earlier this week, Pantera invited investors to join its upcoming investment round. To participate in the fund, interested parties will have to express their interest via a form by June 21. The form also highlights a minimum investment requirement of $250,000 for investors.

This latest venture marks Pantera’s bullishness on TON and their commitment to the project in the long run. Notably, Pantera invested in TON back in March, marking one of the largest investments in the firm’s history. While the terms of the deal were not disclosed at the time, the investment was said to be made at a substantial discount. “We believe the TON network is still in its early innings and are excited to see the Telegram user base adopt the ecosystem and its new capabilities,” Pantera partner Ryan Barney said in a statement last month.

The Open Network (TON) is a layer-1 blockchain platform built by Telegram. TON is a platform that boasts high transaction capacity, low transaction fees and scalability. The platform and its native altcoin also feature support for smart contracts, decentralized applications and other advanced DeFi solutions.

Other cryptocurrency investments in focus

As Pantera Capital ramps up its investments in TON, the venture capital firm remains bullish on the project and its long-term potential in the cryptocurrency space. While crypto TON continues to see development, Pantera’s investment could contribute to accelerating the platform’s adoption and growth. In other related news, the following developments also grabbed attention:

News source：https://www.kdj.com/cryptocurrencies-news/articles/pantera-capital-establishes-fund-invest-network-ton-blockchain.html

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