Pantera Capital has reportedly increased its investment in The Open Network (TON), motivated by its association with the popular messaging platform, Telegram. Pantera Capital is optimistic about TON's potential, considering Telegram's vast user base of nearly 900 million monthly active users, which, when aligned with TON, could open up significant opportunities in the crypto space.

In April, Telegram's decision to integrate TON into its platform was seen as a positive step, positioning TON as a significant player in the crypto network landscape. Pantera Capital emphasized TON's advanced blockchain technology, known for its high performance and scalability, as well as its user-friendly wallet.

Additionally, TON facilitates easy trading of various assets, including cryptocurrencies, stocks, and equities, through mini-apps on Telegram, such as BonkBot and StormTrade. Telegram's move to explore new revenue streams through ad revenue sharing, marketable emojis, custom usernames, and virtual phone numbers also presents potential growth opportunities.

Although a previous attempt to integrate TON with Telegram was halted by the United States Securities and Exchange Commission, the recent revival of this partnership signifies a significant achievement. This development positions Telegram as the only major messaging platform to successfully incorporate Web3, while others like Messenger and WeChat have faced regulatory hurdles or made limited progress.

While Pantera Capital manages an impressive $5.2 billion across four funds and announced a new $1 billion fund in April, specific details of its investment in TON remain undisclosed at this time.