Coinbase Ventures Backs Toncoin: TON’s Telegram-Powered Path to 1B Users

Breaking: Coinbase Ventures now holds Toncoin, signaling strong confidence in The Open Network and its Telegram-driven adoption strategy. According to the TON Foundation, this is a direct token investment, not an equity round, aligning with earlier VC moves by Sequoia, Benchmark, Ribbit, and others.[2][3][4] What this means: - Coinbase Ventures made a long-term venture investment in TON, with undisclosed size, further validating TON’s market position and growth plan.[3] - Major VCs previously acquired roughly $400M in Toncoin via direct purchases, marking a strategic shift toward token-aligned funding.[2] - TON leverages Telegram’s 1B+ monthly active users to push mini-apps, gaming, and DeFi into the mainstream, aiming for mass crypto adoption.[2] Ecosystem momentum: - Telegram mini-apps and viral experiences like Notcoin showcase rapid user onboarding into TON’s on-chain economy.[2] - TON’s DeFi activity hit record highs in early 2024 before normalizing, with continued development focused on utility and retention.[2] - A planned TON crypto treasury company aims to hold at least $400M in Toncoin, supporting long-term ecosystem stability.[2] Why it matters: - Coinbase Ventures’ entry boosts credibility and awareness, potentially accelerating developer interest, liquidity, and user growth across Telegram-integrated apps.[2][3] Keywords: Coinbase Ventures TON, Toncoin news, Telegram crypto, TON mini-apps, Notcoin, TON DeFi, TON treasury, mass adoption, billion users, Web3 growth