The Open Network raised over $400 million in investments from leading venture capital funds

The Open Network completed a successful month, attracting over $400 million from the largest venture capital funds. Among the investors are Silicon Valley legends: Sequoia, Benchmark, Ribbit, Draper, VY, and other well-known global funds.

Over the past year, TON has become the foundation of the creator economy in Telegram. It is the only way for millions of content creators and mini-app developers to withdraw funds, as well as the primary payment system for Telegram Ads in most countries. All assets associated with Telegram — from usernames to digital gifts — are available only in NFT format on the TON blockchain, and Telegram Mini Apps use TON as their primary blockchain infrastructure. Transaction volume in Telegram continues to grow, driven by constant innovations such as Star Messages, launched in March, and tokenized gifts, introduced in January.

The Open Network is the only blockchain technology capable of scaling through sharding and supporting transactions for billions of users. TON is one of the few blockchain networks with real fundamental value, as evidenced by the trust of leading global investors.

Source: Durov's Channel