PANews August 11 news, according to the TON Foundation, Coinbase Ventures has become a holder of Toncoin, but the specific holdings have not been disclosed. The foundation stated that this move is an important vote of confidence for the future development of The Open Network, continuing the support momentum of early investors such as Sequoia Capital, Benchmark, and Ribbit, aiming to leverage Telegram's billions of users to promote the practical application and popularization of cryptocurrency.