Two Major Companies to Invest $30 Million in TON Blockchain

Cryptocurrency exchange Bitget and Foresight Ventures have announced a significant $30 million investment in The Open Network (TON) blockchain.

This funding is aimed at boosting the development of projects within the Telegram ecosystem, specifically focusing ontap-to-earngames.

Recent Telegram-based games, such as Hamster Kombat and Notcoin, have gained significant interest from users, offering the potential to earn cryptocurrency tokens.

According to the announcement, Bitget and Foresight plan to “deepen their involvement in the governance and future development of the TON blockchain.” The investment will be made by acquiring TON tokens.

Projects based on the TON blockchain are seen as having significant potential for widespread adoption, especially given Telegram’s expanding role in the Web3 space.

Although working separately, Telegram and the TON protocol are closely related in their efforts.