According to 2 filings with the Securities and Exchange Commission (SEC), Pantera Capital has raised $20 million to invest in The Open Network (TON) ecosystem. What do we know?
Pantera Capital increases its investments in The Open Network (TON)
This week, Pantera Capital has filed 2 files relating to investment funds dedicated to The Open Network (TON) ecosystemthe blockchain designed for the Telegram application, with the Securities and Exchange Commission (SEC).
Through these documents, we learn that the venture capital raised $20 million, with a filing mentioning $6.129 million collected from 11 investors and $13.871 million with 29 investors for the second.
The entry ticket for the smallest fund was $100,000, while the second did not specify it.
In the wake of this announcement, the TON token increased by 6.3% in 24 hours as these lines were written, for a price of $7.11 and a capitalization of more than $18 billion.
💡 Discover The Open Network (TON) blockchain
On the decentralized finance (DeFi) side, the TON ecosystem records $350 million in total value locked (TVL). We are thus observing a certain decline in adoption after the trend of tap-to-earn and especially the arrest of Pavel Durov, the founder and CEO of Telegram. In fact, this TVL is more than twice lower than it was in July.
At any rate, Pantera Capital seems to be betting big on TON. And for good reason, the company published a blog article in August entitled “ TON, our biggest investment to date », without specifying the amounts involved.
👉 Also read — 131,165% capital gain on Bitcoin (BTC): Pantera reveals the incredible performance of its fund
While the capital risker has shown himself to be visionary on several projects, the future will allow us to judge whether TON will manage to stand out sustainably in its turn.
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Source: SEC
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Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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