TAC raised $ 11.5 million about his seed and strategic financing rounds in an attempt to integrate Defi with the enormous user base of Telegram. The network also collaborated with leading Defi platforms such as Curve, Morpho and Euler.
TAC is also known as the Ton application chain and is a specially built EVM-compatible blockchain designed to bridge Ethereum Dapps with the Ton and Telegram ecosystem.
Defi expand to the billion users of Telegram
Although Ton was specially built to launch new blockchain and crypto-native applications on telegram, the Native Smart Contract Environment could not host existing Ethereum apps, which manage the lion’s share of Defi activities.
So, real Defi acceptance cannot happen without these existing protocols on Ethereum. TAC was launched with an ambitious goal to tackle this.
With this goal in mind, the main launch of the network will take place somewhere in the near future. To facilitate this project, TAC recently carried out a strategic financing round of $ 5 million under the leadership of HACK VC, which brought the total war box of the company to $ 11.5 million.
“TAC strives to give EVM developers the tools and reach to use their applications in the ecosystem of the billion user of Telegram. This strategic round speeds up our mission to bring Ethereum applications to everyday users and lays the foundation for the next Gulf of Ton-Native apps, Altukhov.
Hack VC has a history of leading these important financing rounds, and it apparently believes in this endeavor. Management partner Ed Roman claimed that TAC’s goal to bring Ethereum Dapps to Telegram is “building the future of the internet”.
Hopefully this support level will produce impressive results.
Of course TAC cannot win a revolution in the access from Telegram to Defi alone. It works together with leading Defi companies such as Curve, Morpho and Euler to build 20+ apps in advance for immediate mainnet integration.
Combined, these companies have a TVL of more than $ 7 billion. As soon as TAC goes live, these apps will ensure that users enjoy usefulness, liquidity and proven Defi -Primitives.
“Curve that goes live on Ton and Telegram marks a breakthrough for Defi-accessibility. TAC provides a bold vision to take battle-tested EVM applications to meet users where they are. We are proud to be one of the first to set the pace and the Tempo MichaLoov.
Moreover, TAC has two test network campaigns to make further preparations for the Telegram launch.
The convocation, TAC’s pre-Minnet Liquidity Boot Strapping campaign, raised more than $ 700 million in TVL from leading funds, liquidity providers and infrastructure players.
Combined, the two TAC campaigns currently have $ 817 million in TVL, which means this high support.
Current test network TVL on TAC. Source: Turtle Club
To be clear: the $ 11.5 million in seed financing will finance the development of pre-launch. After TAC has actually deployed a Defi stack on Telegram, this $ 817 million will ensure that this ecosystem has a solid momentum.
Together these investments represent the strong confidence of the community in TAC. Hopefully it can fulfill this hope with a powerful and long -term project.