Ever wondered why major venture capitalists such as Animoca, Pantera Capital, Kingsway Capital, Ryze Labs, and Galaxy Ventures are deeply enthusiastic about the TON blockchain?🤔All right, we'll tell you
🧐▪️Combined insights -
Unique Integration: All VCs are drawn to TON due to its exclusive integration with Telegram, which has nearly 900 million monthly active users.
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WeChat-Like Ecosystem: Ryze Labs sees TON evolving towards a mini-app ecosystem with crypto features.
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Market Potential: TON token's current trading price and market cap indicate high expectations for its growth.
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Challenges: TON is still in early stages with development tools needing improvement, and faces risks related to Telegram’s dependency on Apple and Google, and regulatory scrutiny.
▪️Pantera Capital-
Investment Activity: Raising funds for a second investment in the TON token.
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Previous Investment: Made its largest investment in 21-year history in the TON token earlier this year.
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Reason for Investment: Attracted by TON's potential and integration with Telegram.
▪️Kingsway Capital-
Largest Token Holding: TON is Kingsway's biggest token holding.
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Investment Timeline: Started buying TON over two years ago, well before Pantera.
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CEO Insight: Manuel Stotz revealed the firm’s early and significant investment in TON.
▪️Ryze Labs (formerly Sino Global Capital)-
Heavy Investment: Ryze Labs has been a large buyer of the TON token for a significant period.
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Managing Partner Insight: Matthew Graham disclosed that Ryze Labs sees substantial opportunities in the TON network.
▪️Animoca Brands-
Early Purchases: Started buying TON when it was valued below $1 and continued buying at higher prices.
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Current Role: Largest validator on the TON blockchain.
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Strategic View: Sees TON as a distribution play to onboard hundreds of millions to web3 via Telegram.
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Gaming Integration: Leveraging TON for games like Notcoin and Hamster Kombat, accessible through Telegram.
▪️Galaxy Ventures-
Optimistic Outlook: General Partner Will Nuelle expresses bullish sentiments on TON’s long-term potential.
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Potential Uses: Highlights TON's ability to facilitate payments and financial applications through Telegram.
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Layer 1 Network Effects: Sees TON’s massive built-in distribution as key for developing network effects.
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