Telegram rechooses TON for its Web3 infrastructure
Telegram, the messaging app that also caters to the crypto-community, has again chosen the TON blockchain for its Web3 infrastructure. With this news, the price of Toncoin (TON) has seen a pump in the past 24 hours. Telegram chooses again the TON blockchain for its Web3 project Telegram has again spoken out about the blockchain behind Toncoin (TON), this time choosing it for its Web3 project. In practice, the messaging app, which is also popular among the crypto-community, appears to have approved the TON network as the blockchain of its choice for its Web3 infrastructure. This statement reopens the long-standing relationship between Telegram and TON. And indeed, it was 2018 when Telegram itself began developing the TON blockchain, in part through a fundraising effort of about $1.7 billion. Soon after, though, in 2020, Telegram had to abandon the project, announcing the permanent shutdown of its TON blockchain testnet. The problem was the intervention of the US Securities and Exchange Commission or SEC, which allegedly took legal action against Telegram because it claimed it was selling unregistered securities. Despite Telegrams forced abandonment, the project was then taken over the following year by members of its community who created the TON Foundation. Sejak saat itu, Telegram has nonetheless remained associated with