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- Pantera aims to introduce crypto to the masses with investment in $TON blockchain.
- The $TON blockchain has received significant recognition among crypto investors following recent partnerships and integrations.
- $TON could see a rally following Pantera's recent investment.
Ton ($TON) blockchain could see more growth in the coming months after investment firm Pantera Capital announced a recent investment in the Layer-one blockchain, as disclosed in a blog post on Thursday.
Pantera invests in Ton blockchain
Ryan Barney, a senior investment associate at Pantera Capital, posted about the company's investment in $TON, which "can leverage a network of 900 million people" and can truly help spread crypto to wider communities.
Pantera highlighted many benefits concerning its investment in $TON, including blockchain scalability through its shard mechanism, which is highly comparable to other top cryptocurrencies.
"We believe $TON has the capacity to introduce crypto to the masses because it is used extensively within the Telegram network," said Pantera Capital.
The $TON blockchain has also received recognition among crypto investors following recent partnerships and integrations.
Following these integrations and partnerships, $TON coin's market cap dramatically increased in recent months. According to Coinmarketcap, it has joined the top 10 cryptocurrencies, boasting a market cap of $18.17 billion.
Tether has also sought to expand its peer-to-peer reach for stablecoin USDT and Gold-backed XAUT by adding them to the $TON network. This may give the stablecoin issuer access to 900 million people who operate on the $TON blockchain through Telegram.
With Pantera Capital's latest investment, alongside other notable partnerships and integrations, $TON could be set for a major rally.