The TON Software Chain (TAC) and Polygon Labs have introduced a major collaboration to introduce Ethereum Digital Machine (EVM) performance to the TON ecosystem. The combination, revealed on July 9, includes the TON L2 incorporating Polygon CDK and the interoperability protocol Agglayer. This transfer goals to allow EVM-compatible decentralized functions (DApps) on TAC, increasing the vary of companies obtainable to TON customers, together with decentralized finance (DeFi), gaming, and identification options.
TAC is described as a layer-2 community constructed on TON, designed to deliver EVM-based decentralized functions to each TON and Telegram customers. The founding crew of TAC contains notable figures corresponding to Curve founder Michael Egerov and the crew behind The Open Protocol (TOP), which supplies crypto pockets performance throughout the Telegram app. Wanting forward, Pavel Altukhov, CEO of TAC, talked about that TAC is planning to increase a further $5 million in an exterior funding spherical.
Altukhov defined that the introduction of EVM compatibility is a game-changer for the TON Community. He highlighted that it will take away limitations for customers and expects a surge in curiosity for DeFi and GameFi functions post-integration. He additionally talked about the current integration of USDT on TON and the rise of Faucet-to-Earn functions, notably via a mission referred to as Notcoin. “The enlargement of the mini apps ecosystem has pushed the expansion of 5.8 million month-to-month lively on-chain wallets on Telegram. TAC’s integration is predicted to amplify this demand additional,” he added.
With functions like Pockets in Telegram, the EVM-compatible integration will present Ethereum builders entry to Telegram’s in depth person base, facilitating the implementation of extra real-world crypto functions. Potential use circumstances embrace DeFi functions, gaming, and decentralized identification options.
