{"id":22274,"date":"2025-03-20T17:43:11","date_gmt":"2025-03-20T15:43:11","guid":{"rendered":"https:\/\/forklog.com\/en\/venture-firms-amass-400-million-in-ton\/"},"modified":"2025-03-20T17:43:11","modified_gmt":"2025-03-20T15:43:11","slug":"venture-firms-amass-400-million-in-ton","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/venture-firms-amass-400-million-in-ton\/","title":{"rendered":"Venture Firms Amass $400 Million in TON"},"content":{"rendered":"<p>The organization behind The Open Network (TON), the TON Foundation, has revealed that leading venture capital firms hold over $400 million in Toncoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">?TON Foundation recently disclosed over $400M in <a href=\"https:\/\/twitter.com\/search?q=%24TON&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TON<\/a> held by top VCs, including <a href=\"https:\/\/twitter.com\/sequoia?ref_src=twsrc%5Etfw\">@sequoia<\/a>, <a href=\"https:\/\/twitter.com\/RibbitCapital?ref_src=twsrc%5Etfw\">@RibbitCapital<\/a>, <a href=\"https:\/\/twitter.com\/benchmark?ref_src=twsrc%5Etfw\">@benchmark<\/a>, Kingsway, Vy Capital, <a href=\"https:\/\/twitter.com\/drapervc?ref_src=twsrc%5Etfw\">@drapervc<\/a>, Libertus Capital, <a href=\"https:\/\/twitter.com\/coinfund_io?ref_src=twsrc%5Etfw\">@coinfund_io<\/a>, <a href=\"https:\/\/twitter.com\/hypersphere_?ref_src=twsrc%5Etfw\">@hypersphere_<\/a>, <a href=\"https:\/\/twitter.com\/SkyBridge?ref_src=twsrc%5Etfw\">@SkyBridge<\/a>, and <a href=\"https:\/\/twitter.com\/Karatage_?ref_src=twsrc%5Etfw\">@Karatage_<\/a><\/p>\n<p>Let\u2019s welcome them to the ecosystem and read the\u2026 <a href=\"https:\/\/t.co\/7emJ6ARBbA\">pic.twitter.com\/7emJ6ARBbA<\/a><\/p>\n<p>\u2014 TON ? (@ton_blockchain) <a href=\"https:\/\/twitter.com\/ton_blockchain\/status\/1902791673052057624?ref_src=twsrc%5Etfw\">March 20, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/p>\n<p> This includes Sequoia Capital, Ribbit, Benchmark, Kingsway, Vy Capital, SkyBridge, and others. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cEssentially, these venture firms are betting on the future success and utility of the TON blockchain, its growing ecosystem, and its potential for real-world crypto asset applications, especially within Telegram,\u201d a representative of the organization commented to <a href=\"https:\/\/www.theblock.co\/post\/347303\/telegram-based-ton-foundation-raises-over-400-million-with-token-sale\" title=\"\">The Block<\/a>.<\/p>\n<\/blockquote>\n<p>Toncoin responded to the news with a 3.8% increase in the last hour, according to <a href=\"https:\/\/www.coingecko.com\" title=\"\">CoinGecko<\/a>. At the time of writing, the price stands at $3.7.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"740\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/TONCOINUSDT_2025-03-20_17-39-00-1024x740.png\" alt=\"TONCOINUSDT_2025-03-20_17-39-00\" class=\"wp-image-254588\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/TONCOINUSDT_2025-03-20_17-39-00-1024x740.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/TONCOINUSDT_2025-03-20_17-39-00-300x217.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/TONCOINUSDT_2025-03-20_17-39-00-768x555.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/TONCOINUSDT_2025-03-20_17-39-00.png 1202w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute chart of TONCOIN\/USDT on HitBTC. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/TONCOINUSDT\/\" title=\"\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier, developers of The Open Network <a href=\"https:\/\/forklog.com\/en\/news\/ton-team-unveils-roadmap-for-first-half-of-2025\">discussed updates<\/a> planned for the first half of 2025. Key changes include the launch of a second-layer payment network, user interface improvements, and more.<\/p>\n<p>Back in January, Telegram <a href=\"https:\/\/forklog.com\/en\/news\/telegram-restricts-crypto-app-development-to-ton-network\">banned<\/a> the creation of Web3 applications on networks other than TON, entering into an agreement with the TON Foundation, which is responsible for the ecosystem&#8217;s development.<\/p>\n<p>By the end of 2024, the blockchain project&#8217;s team <a href=\"https:\/\/forklog.com\/en\/news\/ton-reports-surge-in-wallets-and-developer-earnings-from-mini-apps\">reported<\/a> 36.2 million crypto wallets created. The number of Toncoin holders exceeded 100 million, with up to 40 million accounts showing monthly activity.<\/p>\n<p><em>Update (21.03.2025, 16:30 MSK\/15:30 Kyiv): Changes have been made to the title and the first paragraph of the article. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The organization behind The Open Network (TON), the TON Foundation, has revealed that leading venture capital firms hold over $400 million in Toncoin. ?TON Foundation recently disclosed over $400M in $TON held by top VCs, including @sequoia, @RibbitCapital, @benchmark, Kingsway, Vy Capital, @drapervc, Libertus Capital, @coinfund_io, @hypersphere_, @SkyBridge, and @Karatage_ Let\u2019s welcome them to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1364,1422,1133],"class_list":["post-22274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-the-open-network","tag-toncoin","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22274"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22273"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}