The crypto ecosystem stands at a unique inflection point: while we've seen remarkable technical progress in blockchain infrastructure, genuine mainstream adoption remains elusive. Today, we're excited to announce our investment in TAC (TON Application Chain). TAC is founded by Pavel Altukhov, a seasoned crypto founder who has been deeply immersed in the TON ecosystem since the network’s inception. With TAC, he is building a project that we believe will play a pivotal role in the future of web3 by connecting one of the world's largest messaging platforms to the broader web3 ecosystem.
The Promise of Telegram's Crypto Ecosystem
When we evaluate infrastructure investments, we look for projects that combine technical excellence with genuine user pull. TAC stands out by leveraging Telegram's massive user base of nearly one billion people, many of whom are already deeply embedded in crypto communities. The TON ecosystem, built natively for Telegram, isn't just another blockchain platform – it's positioned to be a dominant force in the next wave of crypto adoption. From our perspective, no other blockchain ecosystem comes close to matching TON’s potential for enabling mass adoption.
What makes this particularly compelling is Telegram's unique position as the de facto communication platform for the crypto community. Unlike traditional social platforms that have struggled to embrace crypto, Telegram's DNA is inherently aligned with the values of decentralization and user sovereignty.
Solving the Cross-Chain Challenge
Critically, TAC addresses a key technical challenge that has hindered the growth of the TON ecosystem: the complexity of translating applications between different blockchain environments. By building a bridge between TON and EVM-compatible chains, TAC eliminates the need for developers to rewrite their applications in FunC (TON's native programming language).
More than just a technical achievement, we see this as a new market unlock. By enabling existing EVM and SVM applications to seamlessly deploy on TON, TAC creates an immediate pathway for proven web3 applications to access Telegram's billion-user ecosystem. This approach dramatically reduces the barrier to entry for developers while maintaining the security and performance benefits of TON's architecture.
Looking Ahead
Our investment in TAC reflects our thesis that the next phase of crypto adoption will be driven by infrastructure that makes blockchain technology accessible to mainstream users. With its strategic position within the TON ecosystem, strong technical foundation, and clear market opportunity, we believe TAC will be instrumental in bringing the next billion users into web3.
We're thrilled to partner with the TAC team on this journey and look forward to supporting their mission of making blockchain technology accessible to Telegram's global user base.✦
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