Pantera Founder: The investment in TON is the largest scale investment in Pantera's history
PANews reported on May 10th that Dan Morehead, the founder of Pantera Capital, posted on platform X stating that 99.999% of Blockchain projects are trying to build communities from scratch based on technological concepts. According to data from CoinMarketCap, there are currently over 23,000 cryptocurrencies in the market which is a difficult path for most projects. However, the instant messaging application Telegram is integrating blockchain technology into its existing community which will undoubtedly be easier to achieve.
Dan further revealed that Pantera recently made its largest-ever investment in Telegram's TON blockchain project but did not disclose the specific amount.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The United States relaxes fuel standards, significantly reducing technology costs for automakers: General Motors (GM.US) is expected to save 20.4 billion dollars, and the price per vehicle may drop by nearly 1,300 dollars.
The United States has relaxed fuel economy standards, allowing automakers to save $60.6 billions in technology costs by 2031, with the cost per vehicle expected to decrease by $1,289.
BUZZ-AAR shares rise as first-quarter results beat expectations
Lightning Network Support Added to x402 Agentic Payments Protocol
Tesla (TSLA.US) expands FSD to another European country: Croatia approved, EU-wide vote postponed until at least December
Tesla FSD has been approved in Croatia.
