The TON blockchain, also known as The Open Network, has been attracting significant attention in the cryptocurrency world, especially after Telegram announced it would integrate the network to pay content creators. Toncoin, TONâs native cryptocurrency, saw a notable increase in value following the announcement, rising nearly 30% before stabilizing with a 26% increase to trade at $2.75. This move reinforces the growing trend of messaging platforms exploring Web 3.0 and the decentralized digital economy.
The TON blockchain is not just a recent success story; its connection to Telegram dates back to 2018, when it was conceived as an internal project of the messaging app. Despite facing legal challenges with the SEC in 2020, the project was revived by enthusiasts and has since operated independently. The total value locked (TVL) on the TON network reached an all-time high of $610 million, indicating strong support and confidence in the network and its capabilities.
Telegramâs integration with TON highlights the potential of blockchain networks to transform the way we interact with the internet and manage the monetization of digital content. With the increasing adoption and integration of blockchain technologies into everyday platforms, we are witnessing a new era in the digital economy, where transparency, security, and efficiency are paramount. TON, with its continued growth and innovation, is well-positioned to be a significant player in this transformation.
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