The Open Network (TON), a blockchain originally developed by Telegram, has just secured over $400 million in funding from top-tier venture capital firms like Sequoia Capital, Benchmark, Ribbit, and Draper Associates. This investment cements TON’s position as a major force in blockchain technology.
TON is deeply integrated into Telegram, powering:
Beyond its Telegram connections, TON’s tech is built for massive scale:
✅ Sharding technology – Handles high transaction volumes without congestion or high fees.
✅ Global reach – Unlike many blockchains, TON is designed to support billions of users seamlessly.
🔹 Peter Fenton (Benchmark): TON can democratize financial transactions, just like Telegram disrupted communication.
🔹 Micky Malka (Ribbit): Believes TON will expand financial access worldwide.
🔹 Tim Draper (Draper Associates): Sees TON as a disruptor to traditional finance via Telegram.
🔹 Shaun Maguire (Sequoia Capital): Calls TON a perfect blend of consumer products & crypto infrastructure.
With major VC backing, TON is set to become a blockchain powerhouse. Its integration with Telegram gives it a massive user adoption advantage, and its scalable tech positions it to handle global financial transactions.
📈 Telegram is expected to surpass 1.5 billion users by 2030, and if TON continues its trajectory, it could become one of the most widely used blockchains in the world.
🤔 Will TON redefine digital payments, or is this just another hype cycle?
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