TAC, a blockchain designed to bring Ethereum apps to Telegram, just raised a hefty $11.5 million. This includes a $5 million strategic round led by Hack VC.
Big Money for Telegram DeFi
This investment shows serious confidence in TAC’s plan to make decentralized finance (DeFi) easily accessible to Telegram’s massive user base – over a billion people! Hack VC’s managing partner, Ed Roman, highlighted TAC’s team and their vision for the future of the internet. They believe TAC will be key in connecting Ethereum apps with a global audience through Telegram and TON.
Mainnet Launch and Early Adopters
TAC is getting ready for its mainnet launch, rolling it out in phases. Even now, during the testing phase (DevMainnet), popular DeFi projects like Curve, Morpho, and Euler are already setting up shop. Over 20 other apps are preparing for the full launch. This early adoption means TAC will hit the ground running with lots of users and readily available funds.
Pavel Altukhov, TAC’s CEO, emphasized their goal of bringing Ethereum apps to everyday users via Telegram. This funding will help them achieve that goal and pave the way for more TON-based consumer apps.
Pre-Launch Success
Before the mainnet launch, TAC ran a liquidity bootstrapping campaign called “The Summoning.” This attracted major players in the industry, resulting in over $700 million in total value locked (TVL). This shows strong belief in TAC’s role as a DeFi bridge for TON. The substantial liquidity ensures that core DeFi apps will be functional from day one.
Michael Egorov, founder of Curve, explained that accessing Telegram’s user base through TAC opens up huge opportunities for DeFi projects like his. Curve, along with Morpho and Euler, have already created Telegram Mini Apps (TMAs), making their services directly available within Telegram. Other Telegram apps are also integrating DeFi features, bringing financial tools to users who may not even know about crypto.
The Future of DeFi
TAC believes that this integration within Telegram, a popular “superapp,” is the key to wider DeFi adoption. They’re making it easy for Ethereum developers to reach a massive audience.
