In a major step that shows how important it is TON Blockchain The Open Network is now in the works, and two major players in the crypto and Web3 world have invested $30 million in it. Bitget, a leading global crypto exchange, and Foresight Ventures, a well-known Web3 investment firm, have teamed up to support projects based on TON. They are interested in new click-to-earn games like DOGS, Catizen, and Tomarket. This investment has an impact on the growth and usage of these projects.
This investment from the Ton blockchain shows strong support for the future of the TON cryptocurrency ecosystem. TON has seen incredible growth in the cryptocurrency market in recent years, thanks to its close association with the popular messaging app Telegram. The funds from cryptocurrency exchange bitget and Foresight Ventures will accelerate the growth of TON-based decentralized applications (dApps) and further strengthen TON’s position as a rising star in the cryptocurrency market.
Interesting reading: USDT on TON Chain Surpasses $1 Billion: Token Terminal
Bitget and Foresight Ventures: Creating a Strategic Partnership
Strategic investment deal between Bitget and Future vision projects Bitcoin has had a major impact on the cryptocurrency world. Bitget, a global cryptocurrency exchange with over 45 million users and growing rapidly, sees great promise in the TON blockchain and its ecosystem. Foresight Ventures is a leading Web3 investment firm with a research-based approach and expertise in discovering and backing cutting-edge Web3 startups in the digital asset space.
Bitget’s $30 million investment and Foresight Ventures’ investment do not follow the usual VC playbook of buying tokens directly from the TON Foundation. These companies chose to acquire TON tokens like Toncoin from the largest token holders on the blockchain. This choice shows their confidence in the future of the project.
Take advantage of the Telegram ecosystem
One of the main reasons for the appeal of the TON blockchain is its close connection to the Telegram messaging app. Telegram has a huge community of over 900 million users, which has helped the TON ecosystem grow. This large user base provides a built-in audience for building decentralized projects and applications based on Telegram.
The recent surge in “touch-to-earn” GameFi apps, such as Hamster Kombat and Notcoin built on the TON blockchain, has added to the hype around the ecosystem. These easy-to-play mobile games have attracted millions of players by giving them the opportunity to earn crypto tokens like USDT on TON simply by playing the games.
Bitget and Foresight Ventures see the huge potential of this trend in click-to-earn games and how it could drive widespread adoption of cryptocurrency and blockchain technology. By investing in the TON blockchain, the two companies want to help develop and launch more groundbreaking decentralized applications. These apps could leverage Telegram’s user base and click-to-earn model to reach more people.
It is worth noting that the TON blockchain has seen incredible progress in recent months. The total value locked (TVL) has increased 18 times in the past six months to reach $350 million. The ecosystem now includes more than 1,000 decentralized applications, many of which have attracted millions of users. This has further cemented TON’s position as a rising star in the cryptocurrency market.
Bitget’s Commitment to the TON Ecosystem
Bitget, a leading cryptocurrency exchange, has shown strong support for the TON ecosystem even before this new investment. In 2024, the company organized TONNECT 2024, a major online event to promote the growth of new decentralized applications on the TON network.
Bitget Wallet, the company’s decentralized wallet Multi-chain crypto wallet With built-in DApp BrowserBitget Wallet plays a significant role in supporting the TON ecosystem. Due to the growing user interest in Bitget Wallet, it has often been the most downloaded app in Nigeria, outpacing popular apps like TikTok and WhatsApp on the Apple App Store.
Gracie Chen, CEO of Bitget, expressed his excitement about the partnership, saying: “Combining our expertise in crypto systems with TON’s ubiquitous architecture puts us in a great position to foster the creation of new products and solutions. By working together, we are bringing the crypto world closer to widespread adoption than ever before.”
Foresight Ventures has a positive view on TON.
Foresight Ventures, which along with others invested in the master plan, also expressed strong belief in the growth potential of the TON ecosystem. “The rapid rise of the TON ecosystem shows the greatest growth opportunity in the cryptocurrency market this year and over the next three to five years,” said Forrest Bai, who founded and leads Foresight Ventures as CEO.
Bai feels more confident about the future of the TON blockchain because of how successful it has been in the past six months. During that time, TON’s total value has increased 18-fold to $350 million. The system now has more than 1,000 decentralized applications, many of which have attracted millions of users.
Foresight Ventures joining this investment shows their desire to help develop and grow the TON network. The company knows a lot about investing in Web3 and starting new projects. This knowledge will likely help grow new and smart decentralized applications and encourage more people to use the TON blockchain.
Importance of TON Blockchain
The TON blockchain plays a crucial role in the crypto and Web3 landscape due to its close association with the Telegram messaging app. Telegram’s massive community of over 900 million users has paved the way for the TON ecosystem to flourish. Many decentralized applications are taking advantage of the platform’s vast reach to attract users and generate revenue. Peer to Peer Payments maybe.
The growing popularity of the TON blockchain stems from the emergence of tap-to-earn gaming apps. These simple mobile games, such as Hamster Kombat and Notcoin, have attracted millions of players by giving them the opportunity to earn crypto tokens simply by playing the games.
These click-to-earn games show how the TON blockchain can help more people get started with cryptocurrencies and blockchain technology. By offering people an easy way to transact with digital money, these apps can help bridge regular banking with the new world of cryptocurrencies.
Bitget and Foresight Ventures Partnership
The collaboration between Bitget and Foresight Ventures marks a major step forward in the growth of the TON blockchain. By investing $30 million into the ecosystem, the two companies are showing that they believe in the future of the platform and want to help it continue to grow.
Bitget has a lot of experience in the crypto space and has many users, so it offers a lot of knowledge and resources. Foresight Ventures, a major investor in Web3, bases its decisions on research and has a knack for finding and helping new projects in the world of digital assets.
Bitget and Foresight Ventures plan to play a bigger role in shaping the future and governance of the TON blockchain. They want to ensure that the ecosystem continues to grow and expand. This includes helping to develop and launch new decentralized applications, and encouraging more users to join and use the TON network.
conclusion
Bitget and Foresight Ventures have invested $30 million in the TON blockchain. This represents a huge step for the platform and the wider crypto world. TON has become a rising star in digital assets. It is leveraging Telegram’s massive user base and the growing popularity of clicker games to monetize its platform.
The collaboration between Bitget and Foresight Ventures shows how the TON blockchain can help more people use crypto and blockchain technology. These two big players in the industry are investing money and knowledge, which means the TON ecosystem is set to grow and come up with new ideas in the coming years.
As the cryptocurrency market continues to change, the success of the TON blockchain and the smart investments made by Bitget and Foresight Ventures will prove how decentralized technology has the potential to change things and reshape how we interact with money.
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