Telegram’s TON Space Wallet: Empowering Users with Digital Ownership
In 2020, Telegram discontinued its development of TON (Telegram Open Network) after facing a lawsuit from the U.S. Securities and Exchange Commission (SEC). The SEC accused Telegram of conducting an unregistered security offering by raising $1.7 billion through their token, Grams. To settle the lawsuit, Telegram refunded investors and paid an $18.5 million fine, leading to TON becoming an open-source community project.
Now, TON Foundation has introduced the TON Space wallet, which serves as an infrastructure layer for the TON ecosystem. Along with this launch, Telegram plans to provide priority access to its global advertising platform, Telegram Ads, for TON projects and partners.
John Hyman, Telegram’s chief investment officer, emphasized the importance of digital ownership rights and convenience in today’s digital age. With TON Space, users have the technology to conveniently own their identities and assets. This partnership between Web3 and Web2 aims to empower Telegram’s user base while enabling TON projects to reach a wider audience.
Hot Take: Enabling Digital Freedom with TON Space
The introduction of TON Space wallet by TON Foundation marks an important milestone in the pursuit of digital ownership rights. By allowing users to conveniently manage their identities and assets, Telegram is aligning with its mission of enabling freedom of speech in the digital realm. This collaboration between Web3 and Web2 creates new opportunities for both Telegram’s user base and TON projects.
By
By
By
By
By
By