TON Foundation Announces $8 Million Investment from Mirana Ventures, Fueling Web3 Development
In a major move towards embracing Web3 technology, TON Foundation has secured an $8 million investment from Mirana Ventures. This partnership aims to drive the advancement of Telegram’s Web3 SuperApp through a long-term collaboration.
The acquisition of TON’s stake is set to take place through a public purchase of Toncoin, expertly orchestrated by Mirana Ventures. As part of the agreement, Mirana Ventures will gain exclusive access to Telegram’s advertising platform, benefiting partners like Bybit and Mantle Network by enabling them to execute customized advertising strategies.
This strategic partnership underlines TON’s ambitious plans to expand its Web3 ecosystem and transform into a blockchain of blockchains. Bybit, in particular, will enhance the utility of the TON Space wallet operated by TON on Telegram by providing liquidity to its users. This move is expected to bring about greater transaction efficiency and optimized pricing for TON Space users.
The integration of RFQ (request-for-quote) technology is another notable development in this collaboration. Its main objective is to improve the trading experience by offering personalized trading options and facilitating the execution of large transactions without negatively impacting market prices. This advancement serves to bolster the security and stability of the TON Ecosystem by reducing slippage and mitigating the risk of market manipulation.
The TON Foundation views this partnership as a crucial step in driving the wider adoption of blockchain technology. By creating an easily accessible and user-friendly Telegram Web3 SuperApp, they aim to accelerate the integration of blockchain technology into everyday life. This collaboration with Mirana Ventures marks a significant milestone in their journey towards achieving this vision.
Analyst comment
Positive news: This $8 million investment from Mirana Ventures is a major step towards TON Foundation’s goal of embracing Web3 technology. The partnership will drive the advancement of Telegram’s Web3 SuperApp and expand TON’s Web3 ecosystem. The integration of RFQ technology and exclusive access to Telegram’s advertising platform will further enhance the utility and user experience. This partnership is expected to bring about greater transaction efficiency, optimized pricing, and wider blockchain adoption.
