Coinbase Ventures has acquired Toncoin, announced by the TON Foundation

According to news from HashChain, the TON Foundation announced that Coinbase Ventures has become a holder of Toncoin, although the size of the holding has not been disclosed. The foundation stated that this move is an important vote of confidence in the future development of The Open Network and continues the support trend of early investors such as Sequoia Capital, Benchmark, and Ribbit, aiming to leverage Telegram's billions of users to drive the practical application and adoption of cryptocurrency.