Cryptocurrency exchange Bitget and Foresight Ventures recently announced a $30 million investment in The Open Network (TON) blockchain.
The investment is aimed at boosting the development of projects based on the Telegram platform, focusing on “tap-to-earn” games. Popular Telegram games like Hamster Kombat and Notcoin have attracted millions of users in recent months, thanks to the promise of earning cryptocurrency.
With the new investment, Bitget and Foresight Ventures intend to “be more deeply involved in the governance and future development plans of the TON ecosystem,” according to a statement from the two companies.
“This investment will be distributed through the buyback of TON Token .”
According to them, TON-based projects are demonstrating strong potential for widespread user reach through the Telegram ecosystem, which has seen significant growth in recent years as it expands its services to web3 startups.
