Dan Morehead, the founder of cryptocurrency venture capital firm Pantera Capital, today posted an article on X explaining the firm’s investment logic in TON tokens and stated that this is the largest investment the company has made to date.
According to Dan Morehead, almost all blockchain projects must start from scratch, gradually accumulating community consensus and supporters. With a market of 23,000 cryptocurrencies, this is a difficult path for these projects. However, Telegram is a community that integrates blockchain technology, making it undoubtedly much easier in this aspect.
Dan Morehead further revealed that Pantera recently made the largest investment in TON to date, but did not disclose the specific amount. The reason he was willing to invest is because during a lunch with Telegram founder Pavel, he discovered Pavel’s pure belief in freedom and openness.
Previously, Paul Veradittakit, a managing partner at Pantera Capital, also posted an article explaining the firm’s investment logic in TON tokens in detail.
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