Cryptocurrency exchange Bitget and venture capital firm Foresight Ventures have announced a strategic investment of $30 million in the TON blockchain network. The investment will be used to purchase TON tokens and support the development of the TON ecosystem.
Both Bitget and Foresight Ventures will actively participate in the governance and future planning of TON, aiming to foster the growth of innovative decentralized applications (dApps) on the network.
Gracy Chen, CEO of Bitget, expressed enthusiasm about the partnership, stating, “By joining forces, we will collaboratively develop more cutting-edge products and solutions to expedite the full realization of the TON ecosystem.”
Forest Bai, co-founder and CEO of Foresight Ventures, highlighted the significant growth potential of TON in the cryptocurrency market. He noted that the TON ecosystem has experienced a remarkable 18-fold increase in total locked value (TVL) in the past six months, reaching $350 million. With over 1,000 dApps, including popular applications with millions of users, TON presents a promising opportunity for developers and investors.
