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TON (The Open Network) - Strategic
Overview
Funding Date
September 19, 2024
Financing amount
$30M
Valuation
--
Catagory
About TON (The Open Network) - Strategic
Cryptocurrency exchange Bitget and Foresight Ventures announced a $30 million investment into The Open Network blockchain. The investment aims to enhance the development of Telegram-based projects, with a focus on tap-to-earn games. Casual Telegram-based video games like Hamster Kombat and Notcoin.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Unknown | 2018 | 5 | -- | ||
| Fund | Russian Federation | 2010 | 72 | info@foresight.vc |
Founders & Team
Nikolai Durov
Pavel Durov
Company Profile / Project Introduction
TON is a fifth-generation proof-of-stake blockchain designed by Telegram and led by an open community of developers. The Open Network (TON) is a decentralized and open internet platform made up of several components. These include: TON Blockchain, TON DNS, TON Storage, and TON Sites. TON Blockchain is the core protocol that connects TON’s underlying infrastructure together to form the greater TON Ecosystem. TON is focused on achieving widespread cross-chain interoperability, while operating in a highly scalable secure framework. TON is designed to process millions of transactions per second (TPS), with the goal of eventually reaching hundreds of millions of users moving forward.