Pantera Capital, a crypto venture capital firm with nearly $5 billion in assets under management, is actively raising funds for a new fund dedicated to investing in the dark horse public chain The Open Network (TON), doubling its previous bet on TON. According to an email disclosed by The Block , Pantera sent out a fund invitation to potential investors earlier this week called "Pantera TON Investment Opportunity."
The fund aims to raise funds to purchase more TON tokens. The email stated:
We invite you to participate in the next round of investment opportunities.
Interested investors are asked to indicate their interest in this opportunity via a form by June 21 to ensure they receive an allocation from the fund. The form states that the minimum investment per backer is $250,000.
TON is Pantera Capital’s largest investment in history
Not only that, Pantera also mentioned in the email that the Telegram gaming mini-app has experienced significant growth, surpassing all previous crypto games. Pantera compared the recent hot projects Notcoin and Hamster Kombat on TON with Axie Infinity, saying that Notcoin reached 35 million players and approximately 10 million daily active users within five months of launch, while Hamster Kombat has reached 100 million players and 40 to 45 million daily active users.
Pantera's love for TON dates back to May this year. Paul Veradittakit, managing partner of Pantera Capital, published an article in May explaining why Pantera invested in TON. He said that Telegram has more than 900 million monthly active users. By using Telegram With its large user base and seamless user experience, as well as the vitality of TON’s emerging ecosystem, I believe TON has the potential to become one of the largest encrypted networks.
Extended reading: Pantera Partners: Why should we invest in the TON network? Is there any unknown potential?
Paul Veradittakit mentioned that the core of Telegram embodies the spirit of cryptocurrency, which is "an open, free network accessible to everyone." With TON, Telegram has achieved a symbiotic relationship with scalable smart contract functions and a powerful payment network, enabling breakthrough features that cannot be achieved in a Web2 environment.
TON’s single-month gain surpassed that of BTC, ETH, and SOL
According to Coingecko data, TON currently ranks 9th in market capitalization, with an increase of 22.9% in a single month and an increase of 6.8% in the past 24 hours. It was temporarily reported at $7.61 at the time of writing. The outstanding results have left behind BTC, ETH, SOL... and other leading projects. Performance, in addition, Notcoin, Telegram’s free click-to-earn money game mentioned by Pantera, increased by 217% in a single month.
