Pantera Capital is investing in tone and hoping for support for the introduction of cryptocurrencies by Telegram

• Pantera Capital has announced that it has invested an unauthorized amount in tone.
• The risk capital company says that the integration of tone with the messaging platform Telegram could fundamentally change the introduction of cryptocurrencies.

The risk capital company Pantera Capital has invested in the blockchain the open network (sound), which was operated by Toncoin (sound)

tone was originally launched by the messaging app giant Telegram and is currently operated by the open source community.

In an announcement on Thursday, Pantera Capital announced in detail that his investment aims to strengthen the future growth of sound while trying to inspire more people by telegram for cryptocurrencies.

Telegram integration increases the potential of ton

The trust of the VC platform into the future of sound and the ability to drive the crypto introduction is due to the extensive use of crypto in the Telegram network.

"By using the huge user base and the seamless user experience from Telegram with the liveliness of the emerging ecosystem of sound, we believe that sound has the potential to become one of the biggest crypto networks," wrote Pantera in Blog entry .

While Pantera did not announce the amount associated with the investment, it is said that Telegram with more than 900 million active users per month is the only large messaging app that is well suited for the integration of Web3.

For illustration, the company states that the monthly downloads of Telegram with over 36.7 million in January this year were ten times higher than that of the competitor.

"We believe that Telegram is well positioned due to its common web3 ethos and its great distribution to bring crypto into the world," noted the company.

This view is strengthened by the architecture of sound, which includes several components-tone blockchain, sound storage, sound DNS and sound services. Ton Blockchain serves as a backbone of this ecosystem and provides a network with a high transaction throughput, scalability and benefits for millions of users.

toncoin (sound) increases

Pantera invests in tone at a time when the cryptoplate form in the entire ecosystem arouses great interest.

Telegram has promoted some of the greatest developments for sound, in particular the support of the project. The decision to integrate the Toncoin (tone) token into a sales participation program for sewer owners. Telegram also provides its users tokenate emojis and stickers via the tone blockchain.

Meanwhile, the integration and introduction of native USD through tether on sound is another big step for telegram users.

The sound price rose according to the news from Pantera Capital, with the old coin in the early Friday rising by more than 12 % to a maximum of $ 5.39