#TON
Coinbase Ventures has entered TON: the billion-strong Telegram audience is now in the spotlight of Wall Street
🌀 Coinbase Ventures directly purchased Toncoin from Telegram, supporting the TON blockchain — the core of the Web3 ecosystem of the messenger with payments, games, NFTs, and decentralized services.
🇺🇸 This is the first clear signal that major American funds are beginning to bet on TON. Among the investors are already Sequoia Capital, Benchmark, Ribbit Capital, Pantera, and Animoca Brands.
❗️ The details of the deal are not disclosed, but the mere fact of the purchase directly from Telegram underscores the strategic significance of the partnership.
TON is a rare case of a blockchain with a ready-made billion-user audience and infrastructure built into the messenger. For Wall Street, this means minimal scaling costs and a quick entry into the mass market. For investors, it is a signal that the project is transitioning from a "local phenomenon" to a global player capable of competing at the level of the largest ecosystems.