Mirana Ventures Invests $8 Million in Toncoin (TON)
Zach Anderson Mar 07, 2024 02:32
Mirana Ventures has launched a long-term partnership with TON Foundation, investing $8 million in Toncoin to drive mass adoption of token-governed technologies and collaborate with other blockchains.
Mirana Ventures, a global Web3 investment firm, has announced a new long-term partnership with TON Foundation, which includes an $8 million purchase of Toncoin in the secondary market. According to David Toh, Managing Partner at Mirana, TON is "uniquely positioned to help accelerate mass adoption of token-governed technologies" due to its integration with Telegram.
As part of the partnership, Mirana Ventures will receive exclusive access to Telegram's advertising platform, allowing Mirana and its partners, including Mantle and Bybit, to leverage tailored advertising strategies to boost community engagement and growth within the TON Ecosystem.
The partnership also aims to integrate TON-based $MNT tokens into TON Space, taking a significant step towards realizing TON's vision of collaborating with other ecosystems across Web3. This move is expected to enhance the user experience in accordance with TON's foundational goals.
Bybit, one of Mirana's portfolio companies, will provide liquidity for RFQ technology in TON Space, improving transaction efficiency and price optimization. The two-year commitment to this technology reflects a 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 mutual token listings and other integrations, enhancing the accessibility and diversity of projects within the TON Ecosystem. Bybit has already been working closely with TON, offering a special 7% cashback promotion for users spending TON with their Bybit debit card and successfully launching the Bybit x TON Odyssey earn and stake initiative.
The collaboration between TON Foundation, Mirana Ventures, Bybit, and Mantle sets a groundbreaking precedent in the Web3 space, driving the development of an accessible and user-friendly Telegram Web3 SuperApp. This partnership is expected to expedite the mass adoption of blockchain technology by leveraging the strengths of each partner and focusing on creating a seamless user experience.
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