Last week, industry giants Ton Foundation and Walrus Foundation announced a series of million-dollar deals despite market downturns. This news once again strengthens confidence in the crypto market.
CEO Durov’s return to its original state
Ton Foundation announced it has received more than $400 million in funding. The deal adds several large features, including Sequoia Capital, Benchmark, Rib Capital, Libites Capital, Kingsway, Skybridge, VY Capital, Coinfund, Coinfund, Hypersphere, Draper Associates and Karatage. Specifically, the deal came after Telegram CEO Pavel Durov restored his freedom of movement from French authorities in August 2024.
Source: Crypto Fundraising
Unlike traditional fundraising rounds, investors usually fund funds with equity or cash, Ton Foundation raises this fund entirely in Toncoin through token sales. This move reflects strong investor confidence in tons of long-term potential.
This significant investment not only expands the ton ecosystem, but also strengthens its position as a key infrastructure for Web3, the Telegram is the portal to introduce hundreds of millions of users to the cryptocurrency world.
Follow the news, price of tons ton It soared nearly 10%, from $3.60 to $3.75, with a market cap of nearly $9.3 billion.
Source: Coingecko
Ton Foundation is a nonprofit behind a nonprofit organization (TON), a decentralized layer 1 blockchain that was established in Switzerland in 2023. Its mission is to bring Web3 to billions of users through Telegram, and Ton Foundation supports community projects by providing funding, coordination, coordination and ecosystem development.
In 2024, Telegram and Ton strengthened their collaboration. Ton Wallet’s integration into the Telegram has fueled the development of the Tap-to-Earn game, attracting hundreds of millions of players and having outstanding champions such as Hamster Kombat and Notcoin.
Walrus Foundation raises $140 million from A16Z
Walrus Foundation has announced $140 million in funding through the sale of Wal tokens. It is the organization behind the Walrus decentralized storage protocol built on the Layer 1 SUI blockchain. The round is led by Standard Crypto, with participation from major investors including A16Z cryptocurrency, Franklin Templeton Digital Assets, RW3 Ventures, Electric Capital, LVNA Capital, CreditCoin, Karatage, Karatage and Comma3 Ventures.
Walrus Foundation plans to use funds to expand its operations, maintain its decentralized data storage protocols, and further develop its application platform.
In addition to the fundraising announcement, Walrus Foundation confirmed that the Walrus Main Network will be officially launched on March 27, 2025, thus eliminating new possibilities for data storage and utilization. The mainnet will support applications from AI datasets and large media files to websites and blockchain history and convert them into interactive programmable resources.
Additionally, the Walrus Foundation reveals details about WAL Tokenomics, with a total supply of 5 billion WALs and an initial cycle of 1.25 billion WALs.
I wish those who celebrate it happily. We bring exciting news!
1️⃣Warcelona main website will be broadcast live on March 27
2️⃣Warcelona symbolism has been revealed
$3️⃣$140 million to get funding to make data truly programmable– Walrus 🦭/ACC (@WalrusProtocol) March 20, 2025
Walrus is a decentralized storage platform based on SUI, originally developed by Mysten Labs. It enables any application to publish, read and program big data files. Developers can use mobile-based smart contracts to manage on-chain and chain-chain data files (called blobs) on the sea image, ensuring full support for the entire storage lifecycle.
Learn more: What is SUI (SUI)? The Final Guide to SUI Networking
