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Pantera Capital Funds TON Blockchain with $20 Million

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by Giorgi Kostiuk

a year ago

Since 2013, Pantera Capital has actively invested in the crypto industry, recently announcing a $20 million investment in the TON network to support its project growth.

Pantera Capital's Confidence in TON

With this investment, Pantera Capital continues its commitment to blockchain technology, highlighting TON's fast and scalable structure. CEO Dan Morehead emphasized that this investment could build a strong infrastructure, utilizing the Telegram user base. Morehead stated, "We believe that TON will be an essential network for decentralized finance and applications in the future."

Bitcoin Price Prediction of $740,000 by 2028

In addition to the TON investment, Pantera Capital is optimistic about Bitcoin's (BTC) future, predicting a potential price rise to $740,000 by 2028 due to regulatory changes and increased institutional involvement.

Impact of Investment on TON Ecosystem

Pantera aims to support developers and projects within the TON network, which could significantly advance blockchain technology adoption. This investment is expected to help TON reach a broader global audience.

Pantera Capital's investment highlights the significance of TON for the future of blockchain technologies and exemplifies the confidence in the potential of cryptocurrency. These efforts could foster further growth and expansion of the TON ecosystem.

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