MARKETS DAILY: Crypto Update | TON Gets $40M Venture Fund, What Could This Mean for the Ecosystem's Future?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 14 August 2024
⏱️ 5 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Jennifer Sanasie.
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CoinDesk's Jennifer Sanasie breaks down the latest movements in the TON ecosystem, with a focus on its new $40 million venture fund aimed at investing in consumer apps. Plus, the surge in its native token toncoin in the past year and how the venture fund could help Telegram achieve its goal of becoming an "everything app."
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This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
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This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and Melissa Montañez, and edited by Victor Chen. All original music by Doc Blust and Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:49.6 | It's Wednesday, August 14th, and this is Markets Daily hosted by me, Jen Senazi. |
| 0:54.6 | On this show, we navigate the currents shaping the crypto markets, providing insights |
| 0:59.1 | against the broader financial landscape. |
| 1:00.9 | So whether you're actively trading or simply fascinated by the volatility of the |
| 1:05.4 | crypto markets, this show is your compass to understanding what's happened, where we are, |
| 1:10.3 | and where we're going. |
| 1:11.7 | Good morning, everyone, on today's show. We're going to be talking all about the Ton |
| 1:16.2 | ecosystem as it continues to grow. It now has its own venture fund to invest $40 million |
| 1:21.7 | into consumer apps. So today we're going to look at the latest development and how it could |
| 1:26.5 | bolster further ecosystem growth. |
| 1:28.8 | Well, we've got to take a look at what Ton was and where it came from before we can talk about this news. |
| 1:34.3 | Ton was originally started by messaging app Telegram to create a blockchain platform that could integrate with the messaging service to enable secure, fast, and scalable applications. |
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