In the surge of Web3 infrastructure, the messaging app Telegram has extended its thumbs-up for the TON network, undoubtably giving it a jolt of credibility. This attestation to its blockchain network sent the associated TON token price shooting up by around 7% within the hour. A pretty impressive leap, wouldn’t you say?
But this pairing is no newbie in the blockchain realm. If we roll back time to 2018, Telegram was elbow-deep in forging the TON blockchain, their own brainchild, only to drop it in 2020. Now, why would they let it go, you ask? Well, they were circles in a tug-of-war with the U.S. Securities and Exchange Commission (SEC), who was throwing accusations left and right over Telegram conducting unregistered securities sales. When the tussle became too tight, they decided to let go.
Now, there’s a twist in the tale. The deserted project didn’t fade into oblivion. Instead, it was redeemed within a year by its very own community members who banded together as the TON Foundation, breathing new life into the abandoned blockchain project. An exciting turn of events, don’t you agree?
The allure of the messaging platform never dulled in the eyes of the crypto devotees, despite the quashed plans of launching its original digital currency. The kinship between Telegram and TON remained intact, even as the Foundation oversaw the continuous chiseling of the spin-off network, championing it towards progress, seemingly independent of Telegram.
One can’t help but marvel at how TON crafted most of its striking advancements within the confines of Telegram, beautifully blending their symbiosis. A solid example of this is the TON-built Web3 wallet, readily accessible within the messaging app itself.
Yet, like any saga, the symphony of TON and Telegram leaves us hanging on the edge – curious, skeptical, and eager for what the future might unfold. Have they truly found a working formula for integrating decentralized frameworks with mainstream messaging platforms, or is this just a fleeting bull run in the crypto markets? Time, as ever, will have the last word.
Editors Note: Sheldon Reback
Source: Coindesk
