Telegram x TON

This essay by Papa is an overview of TON (The Open Network), the blockchain integrated with Telegram, which it presents as a significant step toward mainstream blockchain adoption. It notes that Telegram has over 900 million monthly active users, and that TON offers non-custodial and self-custodial wallets. The article says Telegram's 2018 TON project raised $1.7B through an ICO, was halted after a 2019 SEC lawsuit, and was continued by the community, with the token renamed Toncoin. It also cites NOTcoin reaching 40 million activated users as of May 2024.