Pantera founder: Investment in TON is the largest in the history of the fund

Dan Morehead, founder of Pantera Capital, said in a post on the X platform that 99.999% of blockchain projects are trying to build communities from scratch with technical concepts. According to CoinMarketCap data, there are more than 23,000 cryptocurrencies on the market, which is a difficult road for most projects. The instant messaging application Telegram is integrating blockchain technology into its existing community, which will undoubtedly be easier to achieve. Dan mentioned that Pantera recently made the largest investment in the fund's history in Telegram's TON blockchain project. He said that he recently had lunch with Telegram founder Pavel Durov, and Pavel's pure belief was fascinating. Pavel and his brother Nikolai founded VK, known as the "Russian version of Facebook", at the age of 21. Because the VK platform is excellent and not controlled by Russian media, it is widely used by the Russian opposition to organize large-scale protests. After refusing government pressure to censor and block some online opposition communities, Pavel left Russia for good in 2013 and immediately founded Telegram with Nikolai again on the principles of freedom, openness, and expression. Pavel and his team fled their homeland rather than give up their principles. Dan said he was honored to work with people who had such strong beliefs.