{"id":37997,"date":"2024-09-18T12:55:59","date_gmt":"2024-09-18T12:55:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitget-and-foresight-ventures-announce-30m-investment-in-ton\/"},"modified":"2024-09-18T12:55:59","modified_gmt":"2024-09-18T12:55:59","slug":"bitget-and-foresight-ventures-announce-30m-investment-in-ton","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitget-and-foresight-ventures-announce-30m-investment-in-ton\/","title":{"rendered":"Bitget and Foresight Ventures announce $30M investment in TON"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/toncoin-ton-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/toncoin-ton-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/toncoin-ton-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/toncoin-ton-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Bitget and Foresight Ventures have announced a $30 million investment in The Open Network.<\/li>\n<li>The companies will buy TON tokens as well as support GameFi and tap-to-earn projects.<\/li>\n<\/ul>\n<p>Crypto exchange Bitget and web3 investment firm Foresight Ventures have announced a $30 million strategic investment in TON blockchain.<\/p>\n<p>In an <a href=\"https:\/\/www.bitget.com\/blog\/articles\/bitget-invests-30m-in-ton-blockchain\" target=\"_blank\" rel=\"noopener\">announcement<\/a> on Sept. 18, the two companies sid they will allocate the investment via the acquisition of Toncoin (TON) tokens. The partnership will also seek to fuel growth for The Open Network\u2019s GameFi and tap-to-earn ecosystem.<\/p>\n<h2>TON ecosystem growth<\/h2>\n<p>Bitget and Foresight Ventures will also invest in emerging trends across the TON network, with these part of the growing Telegram presence in the web3 ecosystem. Telegram has more than 900 million users, a factor that has played a huge role in TON\u2019s growth into a leading blockchain network.<\/p>\n<p>Gracy Chen, the chief executive officer of Bitget, commented on the investment by noting that it aligns with the crypto exchange\u2019s continued support for TON.<\/p>\n<p>\u201cBy integrating our expertise in crypto infrastructure with TON\u2019s decentralized architecture, we are well-positioned to strengthen the development of innovative products and solutions. Together, we are bringing the crypto industry closer to mass adoption than ever before,\u201d the Bitget CEO added.<\/p>\n<h2>Catizen, DOGS and other TON dApps<\/h2>\n<p>As well as a spike in on-chain transactions, TON has recorded a substantial pump in total value locked, and decentralized exchange volume among other metrics. The growth has come amid massive interest and adoption for projects such as Hamster Kombat, <a href=\"https:\/\/coinjournal.net\/news\/hashkey-group-taps-ton-mini-game-catizen-as-first-web3-partner\/\">Catizen<\/a> and DOGS.<\/p>\n<p>Bitget <a href=\"https:\/\/coinjournal.net\/news\/dogs-partners-with-bitget-for-gas-free-airdrop-claims\/\">partnered with DOGS<\/a> for its airdrop in August and earlier in June <a href=\"https:\/\/coinjournal.net\/news\/bitget-wallet-introduces-advanced-ton-network-integration-for-dapps\/\">introduced<\/a> advanced integration of TON dApps.<\/p>\n<p>Forest Bai, co-founder and chief executive officer of Foresight Ventures said the surge in TON TVL over the past six months suggests the blockchain ecosystem could be poised for explosive growth in the next three to five years.<\/p>\n<p>According to Bai, the partnership will offer further support to developers, enabling new growth via incubation, investment and marketing support.<\/p>\n<p>The $30 million investment will also see Bitget and Foresight Ventures increase their participation in TON governance and future plans. While TON continues to see growth, the past month or so wasn\u2019t all smooth-sailing for the blockchain network.<\/p>\n<p>DOGS launch disrupted the network, with congestion leading to <a href=\"https:\/\/coinjournal.net\/news\/ton-blockchain-experiences-another-network-outage\/\">major outages<\/a>. Telegram CEO Pavel Durov\u2019s arrest in France also saw <a href=\"https:\/\/coinjournal.net\/news\/ton-losses-18-over-the-weekend-will-it-bounce-back-soon\/\">Toncoin price sink<\/a>.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitget-and-foresight-ventures-announce-30m-investment-in-ton\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitget and Foresight Ventures have announced a $30 million investment in The Open Network. The companies will buy TON tokens as well as support GameFi and tap-to-earn projects. Crypto exchange Bitget and web3 investment firm Foresight Ventures have announced a $30 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":37998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37997"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=37997"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/37998"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=37997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=37997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=37997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}