Cryptocurrency venture capital company Pantera Capital previously announced that TON is its largest investment in history. Now, according to The Block, Pantera will raise funds for a new fund to continue to increase its investment in TON.
With assets under management close to 5 billion U.S. dollars, Pantera Capital is actively raising funds for a new fund specifically for investing in the dark horse public chain, The Open Network (TON), doubling its previous bet on TON. According to an email disclosed by The Block, Pantera has sent out invitations to potential investors earlier this week for a fund called “Pantera TON Investment Opportunity.”
The fund aims to raise funds to purchase more TON tokens. The email states that interested investors are required to indicate their interest in this opportunity through a form by June 21 to ensure that they can receive an allocation from the fund. It is specified in the form that the minimum investment amount for each supporter is 250,000 U.S. dollars.
TON is Pantera Capital’s largest investment in history. In addition, Pantera also mentioned in the email that the Telegram game mini-app has experienced significant growth, surpassing all previous cryptocurrency games. Pantera recently compared the popular projects Notcoin and Hamster Kombat on TON with Axie Infinity, stating that Notcoin reached 35 million players and approximately 10 million daily active users within five months of its launch, while Hamster Kombat has reached 100 million players and 40 to 45 million daily active users.
Pantera’s love for TON dates back to May this year, when Paul Veradittakit, a managing partner at Pantera Capital, published an article explaining why Pantera invested in TON. He stated that Telegram has over 900 million monthly active users and believes that TON has the potential to become one of the largest cryptocurrency networks by leveraging Telegram’s huge user base and seamless user experience, as well as the vitality of the emerging TON ecosystem.
According to Coingecko data, TON is currently ranked 9th in terms of market capitalization, with a 22.9% increase in the past month and a 6.8% increase in the past 24 hours, reaching a temporary high of 7.61 U.S. dollars. This impressive performance outperforms top projects such as BTC, ETH, and SOL. Additionally, the Telegram game Notcoin, mentioned by Pantera, has seen a 217% increase in the past month.