
Analysts at crypto hedge fund Pantera Capital believe Solana (SOL) could soon start pulling market share away from Ethereum (ETH) and other layer-1 competitors. In its latest Blockchain Letter, Pantera analysts Franklin Bi, Cosmo Jiang and Eric Wallach say that Solana’s monolithic architecture gives it a sizable advantage over other blockchain projects. “Solana’s monolithic design […]
The post Pantera Capital Says Solana Set to Gain Market Share From Ethereum And Other Competitors – Here’s Why appeared first on The Daily Hodl.
Hedge fund Pantera Capital says one project, which is the firm’s “largest investment ever,” has an opportunity to bring crypto to the masses. In a new post, Pantera CEO Dan Morehead says that Toncoin (TON), the layer-1 blockchain network originally designed by the messaging platform Telegram, has a major advantage over other projects in building […]
The post Dan Morehead’s Hedge Fund Pantera Capital Says Largest Investment Can ‘Bring Crypto to the World’ appeared first on The Daily Hodl.
Crypto asset manager Pantera Capital announced on Thursday that it’s investing in the layer-1 altcoin TON, triggering a modest rally for the asset. TON is the native token for a layer-1 blockchain initially developed by the encrypted messaging platform Telegram. Telegram parted ways with the project in 2020 following a legal battle with the U.S. […]
The post Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON appeared first on The Daily Hodl.
The Telegram-TON hookup opens up a broad spectrum of Web3 opportunities for Telegram’s 900 million monthly users, Pantera Capital said.
Pantera Capital has invested an undisclosed amount in The Open Network (TON). It is the crypto-focused venture capital firm’s “latest” investment in TON and motivated by its connection to the Telegram messaging service, the company said.
Telegram’s decision in April to incorporate TON gives TON “potential to become one of the largest crypto networks,” Pantera said in a long and enthusiastic blog post on its website. Telegram, with its 900 million monthly users and 36.7 million monthly downloads, “is well positioned to bring crypto to the world because of its shared Web3 ethos.”
In a laundry list of TON’s virtues, Pantera said the architecture of the TON blockchain provides performance and scalability that compares favorably with leading blockchains, and its wallet offers high utility with a simple interface.
Crypto asset manager Pantera Capital has reportedly won a bid to purchase discounted Solana (SOL) from bankrupt crypto exchange platform FTX. According to a new report by Bloomberg, an anonymous person familiar with the matter says that Pantera won a bid to purchase a discounted stash of the Ethereum (ETH) rival. Though the details of […]
The post Pantera Capital Wins Bid To Purchase a Stash of Discounted Solana From Bankrupt Crypto Exchange FTX: Report appeared first on The Daily Hodl.