The Open Network (TON), formerly Telegram Open Network, is a decentralized blockchain platform. Started by Pavel Durov, it offers high-speed transactions and scalability, allowing its users to transfer value, run smart contracts and decentralized applications (dApps). Initially developed by Telegram, it is now managed by an independent community of developers after Telegram withdrew from the project. TON stands out for its potential to develop user-friendly applications and financial services.
Pantera Capital, one of the first institutional investment firms in the cryptocurrency ecosystem, announced yesterday that it has invested in TON. Drawing attention to the widespread use of TON on Telegram on the basis of the investment, the company stated that this power could be effective in spreading the use of cryptocurrency to the masses. It also praised Telegram for integrating cryptocurrencies without any regulatory hurdles. TON price has experienced a 12% increase in the last 24 hours. It is thought that this development may have affected the price.
