TON Raises Millions to Expand Blockchain

The Open Network Foundation (TON) has raised over $400 million through token sales, drawing investments from major venture firms like Sequoia and Draper. This move underscores the growing interest in crypto's place within the Telegram ecosystem, which supports 41 million native accounts on its blockchain. Despite starting as Telegram's brainchild, TON now operates independently, poised to onboard 30% of Telegram’s billion users to its expanding blockchain. With crypto legitimacy growing, it seems capital is chasing opportunity.