Telegram Aims for 1B Users Through TON Blockchain Partnership; Pantera Capital Raises $20M, Projects $1B Revenue

Telegram is positioning itself as a key player in the cryptocurrency space, aiming to reach one billion users through its partnership with the TON blockchain. The TON Foundation has outlined a three-step plan to facilitate this transition, which includes promoting tap-to-earn social games within Telegram Mini Apps. In a significant development, Pantera Capital has raised $20 million to further invest in the Telegram-linked blockchain TON. Additionally, projections suggest that Telegram could achieve $1 billion in revenue in 2024, bolstered by its collaboration with the TON Foundation established in September 2023. This strategic partnership is expected to enhance user engagement and drive crypto adoption.