The Open Network (TON), a blockchain that facilitates payments on the messaging app Toncoin. Following the announcement the Toncoin jumped 6%.
“I’ve been a long-time believer in the potential of blockchain to disrupt traditional industries and systems,” Tim Draper, founder of Draper Associates—one of the VCs participating in this round—said in a statement. “TON’s technology is highly impressive, and its integration with Telegram provides it with a distribution that no other blockchain can match.”
