For a person who not often speaks publicly, Pavel Durov’s newest feedback about The Open Community (TON) carry weight. In a uncommon acknowledgment of the blockchain’s progress, the Telegram founder revealed that Silicon Valley’s greatest gamers – Sequoia, Benchmark, Ribbit, Draper and VY Capital – have collectively poured over $400 million into TON, providing not simply capital however public endorsement.
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Durov framed TON’s rise in pragmatic phrases. Over the previous yr, it has change into Telegram’s de facto monetary layer – the one method creators withdraw earnings, the only real fee rail for adverts on most markets and the obligatory blockchain for lots of of thousands and thousands utilizing mini apps.
Even Telegram’s digital property, from usernames to digital items, now exist completely as TON-based NFTs. “The in-app economic system is scaling sooner than anticipated,” Durov notes.
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He singled out TON’s technical edge: sharding structure constructed to course of transactions at a scale match for Telegram’s person base – virtually one billion folks – calling it one of many few blockchains with fundamentals, not simply hypothesis.
The replace got here simply as Durov resolved his authorized standoff with French authorities.