Tone secures $ 400 million risk capital for the development of a market of 950 million customers
- The Open Network secured more than $ 400 million from Top Venture Capital investors, including Sequoia and Draper. It is a great proof of trust for the duo tone and telegram.
- Ton wants to integrate around a third of the 950 million telegram users through web3 access via mini-apps by 2028.
The Open Network (sound) has founders according to Telegram founder Pavel Durov Received over $ 400 million risk capital. The professional investors Sequoia Capital, Benchmark, Ribbit, Draper Associates and VY Capital have provided the sum.
Telegram partnership brings sound to the fast lane
The money flows into the strategic partnership between sound and telegram. Tone has been the exclusive blockchain for all mini-apps from Telegram-CNF reported since January. This means that all small applications such as games, payment tools and blockchain-based services of Telegram run via the TON network.
Imagine it as if you have your own private toll road in a large city that is always clogged. Telegram, with over 950 million monthly users, indirectly gives the main stage. So if you build a web3 application and immediately appear in front of millions of telegram users without needing expensive advertising, who would not be interested?
Ton activity shoots up-skeptics become calmer
At the time of going to the editor, the sound token was traded for around $ 3.79, an increase of 4.89 % in the last 24 hours. The transaction volume has also reached $ 164.57 million, a number that makes everyone who was skeptical.
Last year, the number of active accounts in the sound network rose from 4 million to more than 41 million. The number of Toncoin walls has also exceeded the 121 million mark. It is as if a small town suddenly had become a densely populated country, in just a few months.
Krypto finds an application in the real world with Travala
Interestingly, sound is not only active in the world of social applications. In June 2024, the company entered into a partnership with Travala, a global travel book platform that offers more than 2.2 million hotels, 600 airlines and more than 410 thousand activities in 230 countries.
Travala accepts Toncoin as a means of payment, and that means that sound has entered the realm of real transactions. You can now pay with sound to book hotels or buy flight tickets.
Ambitious market goal of 30% of Telegram customers
With hundreds of millions of dollars of funds that are now available for payment, and the almost unsurpassed support of Telegram in the world of messaging apps has the unique opportunity to penetrate the market of normal users-and not just into the crypto community, which is already familiar with the special features of Defi. The TON Foundation has given the goal of having 30 percent of Telegram users in their system by 2028.
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