- Telegram’s 900 million monthly users now have access to a wide range of Web3 options thanks to the Telegram-TON hookup, according to Pantera Capital.
An undisclosed sum has been invested by Pantera Capital in The Open Network (TON). According to the company, TON’s link to the Telegram messaging application is the driving force behind this “latest” investment from the venture capital firm with a focus on cryptocurrencies.
With Telegram’s April plan to merge with TON, Pantera stated in a lengthy and ebullient blog post on its website that TON has “potential to become one of the largest crypto networks.” Because of its common Web3 ethos, Telegram, with its 900 million monthly users and 36.7 million downloads, “is well positioned to bring crypto to the world.”
Pantera enumerated TON’s many benefits, saying that its wallet delivers high utility with an easy-to-use interface and that the TON blockchain’s architecture offers performance and scalability that compare favorably with leading blockchains.
In addition, Telegram is providing additional ways to make money, like tradable customized usernames, virtual phone numbers, and emojis, as well as ad income sharing.
Pantera said that the Telegram-TON integration was a noteworthy accomplishment. TON was once intended to be integrated with Telegram, however the US Securities and Exchange Commission thwarted that plan.
Telegram became the only significant messaging platform to integrate Web3 when it was allowed to reunite with TON following the network’s restart by independent developers.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
