Coinspeaker
Toncoin (TON) Secures $8M Investment from Web3 Firm Mirana Ventures
Global Web3 investment firm Mirana Ventures announced the acquisition of $8 million worth of Toncoins (TON) from the secondary market. This development comes amid its long-term partnership with the TON Foundation.
As per the announcement, the collaboration between the two firms will focus on developing Telegram’s Web3 SuperApp. Additionally, Mirana Ventures will gain exclusive access to Telegram’s advertising platform. This will also allow other partners of Mirana, such as Bybit and Mantle Network, to utilize customized advertising tactics. Marana Ventures managing partner David Toh said:
“The Open Network, as the native blockchain and wallet tech stack in Telegram, the centerpiece communications infrastructure of crypto and Web3, is uniquely positioned to help accelerate mass adoption.”
In March 2024, the Telegram Ad Platform, built atop the TON blockchain, was officially launched. This innovative platform enables Telegram channel owners to earn monetary incentives by exclusively vending advertisements and distributing revenue among channel owners in Toncoin
This collaboration marks a notable advancement towards actualizing TON’s vision of fostering partnerships within the Web3 landscape. Furthermore, this initiative anticipates enriching user engagement in alignment with TON’s core objectives. The collaboration between Mirana Ventures and TON Foundation seeks to incorporate TON-based $MNT tokens into TON Space.
Bybit Partners with TON Space to Enhance Liquidity
Bybit, a prominent entity within Mirana’s investment portfolio, has announced its collaboration with TON Space to provide liquidity for Request for Quote (RFQ) technology. This strategic move aims to bolster transaction efficiency and optimize prices within the TON Space ecosystem.
By committing to a two-year partnership with this technology, Bybit underscores its dedication to advancing the TON Space wallet as a premier non-custodial solution in the blockchain arena. The official TON blog post noted:
“A trading mechanism that allows buyers to request price quotes for specific asset quantities among various suppliers, creates a more personalized trading experience and ensures that even large trades can be completed without negatively impacting market prices”.
Positioned as a pivotal player in the TON-Mirana alliance, Bybit will extend its support to facilitate mutual token listings and other integrations. These efforts are geared towards fostering accessibility and diversifying projects within the TON Ecosystem.
Notably, Bybit has been actively engaged with TON, offering exclusive perks such as a 7% cashback promotion for users utilizing TON with their Bybit debit cards. Additionally, the successful launch of the Bybit x TON Odyssey earn and stake initiative further solidifies Bybit’s commitment to driving innovation and collaboration within the blockchain space.
This collaboration will further drive the mass adoption of the Telegram Web3 SuperApp as well as its blockchain platform.
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Toncoin (TON) Secures $8M Investment from Web3 Firm Mirana Ventures