Pantera Founder: The investment in TON is the largest scale investment in Pantera's history

PANews reported on May 10th that Dan Morehead, the founder of Pantera Capital, posted on platform X stating that 99.999% of Blockchain projects are trying to build communities from scratch based on technological concepts. According to data from CoinMarketCap, there are currently over 23,000 cryptocurrencies in the market which is a difficult path for most projects. However, the instant messaging application Telegram is integrating blockchain technology into its existing community which will undoubtedly be easier to achieve.

Dan further revealed that Pantera recently made its largest-ever investment in Telegram's TON blockchain project but did not disclose the specific amount.