TON Foundation has announced that venture capital firms have invested over $400 million in its native token, Toncoin (TON). Notable investors include Sequoia Capital, Ribbit, Benchmark, and Kingsway. This investment is provided in Toncoin rather than traditional equity or cash, signaling strong confidence in the blockchain's future. The TON blockchain, a layer-1 network linked with Telegram, has seen rapid growth with over 42 million active users and 2.4 billion transactions. The integration of Telegram-based mini-apps has significantly contributed to this expansion.
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