TON Foundation raises $400M via token sale

The Open Network Foundation, also known as TON Foundation, has raised more than $400 million in token-based investments from several venture capital firms, signaling growing interest in the Telegram messaging ecosystem.  Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere and Karatage participated in the investment by purchasing Toncoin (TON), the native cryptocurrency of The Open Network.  TON Foundation described the token purchases as strategic partnerships that will help expand the TON ecosystem, though no further details were provided. TON blockchain is a decentralized network that supports the development of Mini Apps for the Telegram ecosystem source: https://cointelegraph.com/news/ton-foundation-raises-400m-token-sale?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound