TON Foundation raises over $400 million through token sales
ChainCatcher news, according to The Block, the TON Foundation announced that a group of venture capital firms, including Sequoia Capital, Ribbit, Benchmark, and Kingsway, has invested over $400 million by purchasing Toncoin cryptocurrency. Other investors include Vy Capital, Draper Associates, and Libertus Capital, as well as CoinFund, Hypersphere, SkyBridge, and Karatage.A spokesperson for the TON Foundation stated, "These venture capital firms have invested over $400 million in Toncoin, which is the native cryptocurrency of the TON blockchain. This funding is provided in the form of Toncoin, rather than traditional equity or cash."