Technology

Mirana Ventures Makes Major $8 Million Investment in Toncoin – Here’s Why You Should Pay Attention

Mirana Ventures Partners with TON Foundation to Drive Mass Adoption of Token-Governed Technologies

Mirana Ventures, a global Web3 investment firm, has recently announced a long-term partnership with TON Foundation, investing $8 million in Toncoin to accelerate the adoption of token-governed technologies and collaborate with other blockchains.

According to David Toh, Managing Partner at Mirana, TON is uniquely positioned to drive the mass adoption of token-governed technologies due to its integration with Telegram. As part of the partnership, Mirana Ventures will have exclusive access to Telegram’s advertising platform, allowing them and their partners to implement tailored advertising strategies to enhance community engagement and growth within the TON Ecosystem.

One of the key initiatives of this partnership is the integration of TON-based $MNT tokens into TON Space, a move that aligns with TON’s vision of collaborating with other ecosystems across Web3. This integration is expected to improve the user experience within the TON Ecosystem significantly.

Bybit, a portfolio company of Mirana Ventures, will play a crucial role in providing liquidity for RFQ technology in TON Space, which will enhance transaction efficiency and price optimization. This two-year commitment reflects a long-term vision for the TON Space wallet to become a leading non-custodial solution in the blockchain space.

Bybit will also support mutual token listings and other integrations within the TON Ecosystem, further diversifying the projects available to users. Bybit has already been collaborating with TON, offering a 7% cashback promotion for users spending TON with their Bybit debit card and launching the Bybit x TON Odyssey earn and stake initiative.

The partnership between TON Foundation, Mirana Ventures, Bybit, and Mantle marks a significant milestone in the Web3 space, aiming to develop an accessible and user-friendly Telegram Web3 SuperApp. This collaboration is expected to drive 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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