$6 million has been raised by TON labs, the development arm behind the free TON blochain. The money was raised via an investment round which was headed by Runa Capital, Venture capital firm
Due the unique dynamic sharding mechanisms of the new product to be built by the company, they have described it as the fastest decentralized protocol. Also the funding of the new product will go toward building out a new product envrioment for the Free TON blockhain.
The only blockchain company to receive direct funding from his firm is TON labs, according to Dmitry Chikhachev, a general partner at Runa Capital.
“As a deep tech and software investor, we appreciate the technical challenges solved by the company and see a strong potential in the high-performance decentralized computing platform FreeTON,” he said, adding:
“The 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.”