Mirana Ventures invests $8 million in Toncoin (TON)
Mirana Ventures has launched a long-term partnership with the TON Foundation, investing $8 million in Toncoin to drive mass adoption of token management technology and collaborate with other blockchains.
Mirana Ventures, a global Web3 investment firm, announced a new long-term partnership with the TON Foundation that includes purchasing Toncoin for $8 million on the secondary market. According to David Toh, Managing Partner at Mirana, TON is “uniquely positioned to help accelerate the mass adoption of token management technology” due to its integration with Telegram.
As part of the partnership, Mirana Ventures will have exclusive access to Telegram’s advertising platform, allowing Mirana and its partners, including Mantle and Bybit, to leverage customized advertising strategies to drive community engagement and growth within the TON ecosystem.
This partnership also aims to make significant progress toward realizing TON’s vision of collaborating with other ecosystems across Web3 by integrating the TON-based $MNT token into the TON Space. This move is expected to improve user experience in line with TON’s primary goal.
Bybit, one of Mirana’s portfolio companies, will provide liquidity to TON Space’s RFQ technology, improving trading efficiency and price optimization. Our two-year commitment to this technology reflects our long-term vision for the TON Space wallet to become the leading non-custodial solution in the blockchain space.
As a key player in the TON-Mirana partnership, Bybit will also support cross-token listings and other integrations to improve accessibility and diversity of projects within the TON ecosystem. Bybit has already worked closely with TON to offer a special 7% cashback promotion to users who use TON with Bybit debit cards and successfully launched the Bybit x TON Odyssey profit and stake plan.
The collaboration between TON Foundation, Mirana Ventures, Bybit and Mantle has set a groundbreaking precedent in the Web3 space, leading to the development of the accessible and user-friendly Telegram Web3 SuperApp. The partnership is expected to accelerate the mass adoption of blockchain technology by leveraging each partner’s strengths and focusing on creating a seamless user experience.
Image source: Shutterstock
