{"id":219987,"date":"2021-04-06T10:00:00","date_gmt":"2021-04-06T07:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ton-labs-raises-6m-in-support-of-free-ton-blockchain\/"},"modified":"2021-04-06T10:00:00","modified_gmt":"2021-04-06T07:00:00","slug":"ton-labs-raises-6m-in-support-of-free-ton-blockchain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ton-labs-raises-6m-in-support-of-free-ton-blockchain\/","title":{"rendered":"# TON Labs raises $6M in support of Free TON blockchain"},"content":{"rendered":"

“# TON Labs raises $6M in support of Free TON blockchain <\/strong>”
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TON Labs, the development arm behind the Free TON blockchain, raised $6 million through an investment round led by venture capital firm Runa Capital.\u00a0<\/p>\n

The funding will go toward building out a new product environment for the Free TON blockchain, which the company describes as the fastest decentralized protocol due to its unique dynamic sharding mechanisms. <\/p>\n

Dmitry Chikhachev, a general<\/a> partner at Runa Capital, said TON Labs is the only blockchain company to receive direct funding from his firm. <\/p>\n

\u201cAs a deep tech and software investor, we app<\/a>reciate the technical challenges solved by the company and see a strong potential in the high-performance decentralised computing platform FreeTON,\u201d he said, adding:<\/p>\n

\u201cThe team, their sophisticated approach and the open-source TON project itself radically differ from other ventures in the blockchain space, and Runa is thrilled to support such a unique project.\u201d<\/p><\/blockquote>\n

In addition to Runa Capital, RTP Global \u2014 an investor of early-stage technology<\/a> companies \u2014 also contributed to the funding round. RTP executive Stepan Ivanov said, \u201cWe believe TON Labs can finally take the blockchain from the niche and geeky space today to a mainstream technology that strongly complements the current IT landscape.\u201d<\/p>\n

Free TON achieved mainnet status in December 2020 after reaching \u201csufficient decentralization,\u201d or more than 400 validators and decentralized autonomous organizations. The project was originally launched in May 2020 as an infrastructure solutions provider for the Telegram Open Network. When a New York federal court put an injunction on the Telegram team, preventing further development of the network, Free TON emerged as an independent project that finalized the initial Telegram code and built the TON Operating System. <\/p>\n

As Cointelegraph previously reported, Free TON merged with Dune Network in February \u2014 a move that both camps said would support wider adoption of blockchain technology and decentralized governance. The merger is expected to be finalized later this year, following the full allocation of TON Crystals (TON) to the Dune Network. <\/p>\n