Founder of cryptocurrency venture capital firm Pantera Capital, Dan Morehead, today posted on X to explain the firm’s investment logic in TON tokens, stating that it is the largest investment the company has made to date.
Morehead stated that nearly all blockchain projects have to start from scratch, slowly accumulating community consensus and supporters. With 23,000 types of cryptocurrencies in the market, this is a challenging path for these projects. However, Telegram is a community that integrates blockchain technology, making it undoubtedly much easier.
Morehead further revealed that Pantera recently made the largest investment in TON, although the specific amount was not disclosed. The reason he was willing to invest is because during a lunch with Telegram founder Pavel, he discovered Pavel’s belief in freedom and openness.
Previously, Pantera Capital’s managing partner, Paul Veradittakit, also posted explaining the firm’s investment logic in TON tokens.
