Pantera founder: investment in TON is the largest in the fund's history

On May 10th, Pantera Capital founder Dan Morehead posted on social media that 99.999% of blockchain projects are trying to build communities from scratch with technical ideas. According to CoinMarketCap, there are currently more than 23,000 cryptocurrencies on the market, which is a difficult road for most projects. And instant messaging app Telegram is integrating blockchain technology into its existing community, which will undoubtedly be easier to achieve.
Dan mentioned that Pantera had recently made the largest investment in Telegram's TON blockchain project in the fund's history. He said he recently had lunch with Telegram founder Pavel Durov and that Pavel's sheer conviction was fascinating. Pavel and his brother Nikolai founded VK, dubbed the Russian version of Facebook, at the age of 21, which was widely used by the Russian opposition to organize mass protests due to its excellent platform and lack of control by the Russian media. After rejecting government pressure to censor and ban some online opposition communities, Pavel left Russia permanently in 2013 and immediately re-founded Telegram with Nikolai based on the principles of freedom, openness and expression. Pavel and his team would rather flee their homeland than give up their principles. Dan expressed that it was an honor to work with someone with such strong beliefs.