This investment was made through a direct deal with several unnamed large investors in the TON ecosystem, rather than a traditional fundraising round.

This agreement involves the purchase of tokens directly from large-scale investors called “TON whales”, rather than the traditional structure where investors usually purchase tokens from a blockchain-supporting foundation.

Bitget and Foresight Ventures confirmed that the deal is not related to the TON Foundation. “The investment was between Bitget, Foresight Ventures and Toncoin owners. TON Foundation is not involved in this agreement,” a spokesperson told CoinDesk.

“However, since the TON Foundation actively supports the development and user adoption of the TON ecosystem, we will work closely with the TON Foundation to strengthen the TON ecosystem.”

One of the most notable aspects of this agreement is that the TON tokens received have a certain lock-up period. These tokens will not be released during the lock-in period and this process will happen gradually.

Thus, it is aimed that all parties to the agreement will remain committed to the TON ecosystem in the long term. This shows that investors have strong confidence in the future growth of the ecosystem and aim to contribute to the ecosystem in the long term.

TON has seen significant growth this year, especially thanks to its tie-up with Telegram. Telegram is a messaging platform with approximately 900 million users worldwide, and TON Blockchain has great potential as it relates to this huge user base.

According to DeFiLlama data, TON’s total locked value (TVL) has exceeded $400 million. This growth shows how important a player TON is compared to other blockchain projects in the market.

In April 2024, Tether (USDT) expanded into the TON network, powering peer-to-peer payments on Telegram. This move has enabled TON to achieve wider adoption of its payment solutions.

The total amount of USDT authorized on TON has reached $1 billion. Although Telegram and TON are not officially linked, these two platforms operate in the same ecosystem and TON’s growth is fueled by Telegram’s user base.

Underlining the growth potential of the TON ecosystem, Forest Bai, co-founder and CEO of Foresight Ventures, said, “The rise of the TON ecosystem represents the largest growth opportunity in the cryptocurrency market this year and over the next three to five years.”

This comment reflects confidence that TON will be a major player in the long term, especially in the world of blockchain and Web3.

Toncoin (TON) is currently trading at $5.51 and is up 5% over the past week, according to CoinDesk Index data.

This increase shows that TON is a crypto asset closely followed in the markets and that future developments of the ecosystem are welcomed by investors.

Bitget and Foresight Ventures’ $30 million investment in the TON ecosystem is an indicator of confidence in TON’s decentralized structure and long-term potential.

Growing integrated with Telegram’s huge user base, TON continues to play an important role in the blockchain world. This investment is considered an important step that will both reinforce TON’s current strength and support future growth opportunities.