VCs Invest Over $400 Million in Toncoin, Fueling Telegram's TON Blockchain

On Thursday, the TON Foundation announced that venture capital firms, including Sequoia Capital, Ribbit, and Benchmark, invested over $400 million in Toncoin. This investment, made directly in Toncoin, supports the TON blockchain, which powers mini-apps within Telegram. The TON Foundation reports over 40 million active users and 121 million unique Toncoin holders in the past year. Investors like Vy Capital, Draper Associates, and others are betting on the TON blockchain's future success and its utility within Telegram's ecosystem.