The developers of the TAC L2 network have announced the creation of a technology for access of Telegram users and the TON ecosystem to EVM applications. This was reported by The Block.
The team raised $6.5 million in a seed funding round led by Hack VC and Symbolic Capital. Other participants include Primitive, Paper Ventures, Karatage, Animoca Ventures, Spartan Capital, TON Ventures, Ankr, and Polygon co-founder Sandeep Naiwal. The valuation and structure of the round were not disclosed.
The investments received will be used by TAC to connect various EVM applications in the DeFi, GameFi, SocialFi, and RWA segments. It is also planned to implement account abstraction to simplify the self-custody of Toncoin and Ethereum assets.
The infrastructure of TAC will be partially secured by liquid staking tokens of TON.
The testing phase will begin this week during the DevCon conference, and the mainnet launch is scheduled for the first quarter of 2025.
The founding team of TAC includes venture builder TON TOP (The Open Platform) and Curve creator Mikhail Egorov. This L2 network is not developed by the official TON team, as the latter has stated earlier.
Recall that at the beginning of November, the TON Foundation launched a DAO to decentralize the management of the ecosystem.
