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Coinbase Ventures has made a significant announcement by joining hands with TON (The Open Network) to fuel its billion-user crypto vision. As part of this partnership, Coinbase Ventures will be investing in Toncoin, thereby strengthening TON’s mission to deliver crypto solutions to the vast user base of Telegram.
This development is expected to give a major boost to TON’s market position as it aligns with previous strategic purchases by firms such as Sequoia, Benchmark, and Ribbit. The integration of blockchain tools into Telegram enhances TON’s potential to attract mainstream audiences, thereby accelerating its growth trajectory.
The acquisition of Toncoin by Coinbase Ventures further validates the utility and role of the token within the TON ecosystem. This move is seen as a significant step towards increasing adoption and sustained growth for the platform.
In an effort to deliver practical blockchain applications through Telegram’s mini-apps, the foundation is committed to focusing on delivering real-world use cases. The addition of Coinbase Ventures to the network reinforces its commitment to this goal.
As a result of this partnership, TON’s prospects for broader adoption and market expansion have significantly improved.
Source: coincentral.com
