With $11.5 million in funding, TAC wants to lead Telegram's billion-user ecosystem to embrace DeFi
TAC, a blockchain network built for EVM dApps to connect to the TON and Telegram ecosystems, recently announced that it has closed a total of $11.5 million in seed and strategic round funding. The latest round of $5 million in strategic funding, led by Hack VC, further demonstrates the firm's strong recognition of TAC's vision to elevate blockchain functionality in Telegram, the largest concentration of users in the crypto space.
Ed Roman, Managing Partner of Hack VC, said, "We are focused on investing in the teams that are building the future of the internet. The TAC team has a deep track record in infrastructure and growth, with years of experience in the industry. The lead of this funding round reflects our strong confidence in the ability of the TAC team to shape the diverse ways Ethereum dApps reach users around the world through Telegram and TON. "
It is understood that the TAC mainnet is about to be launched, and it is currently being promoted in stages. At this stage, the developer mainnet stage has attracted the deployment of blue-chip DeFi protocols such as Curve, Morpho, and Euler, and more than 20 leading applications are preparing for mainnet integration. These early developments will ensure the deep liquidity of the ecosystem when the TAC mainnet is launched, the maturity of the underlying DeFi modules, and the immediacy of the actual value of Telegram users.
Pavel Altukhov, Co-Founder and CEO of TAC, said: "TAC is committed to providing EVM developers with the tools and channels to deploy their apps to Telegram's ecosystem of one billion users. This strategic round of financing will accelerate our pace of bringing Ethereum applications into the lives of ordinary users, and lay a solid foundation for the next wave of native consumer applications in the TON ecosystem." It
is worth mentioning that the liquidity incentive activity "The Summoning" before the launch of the TAC mainnet attracted the enthusiastic participation of many leading funds, LPs and infrastructure projects, and the TAC TVL has exceeded 700 million US dollars before the public launch of the mainnet, demonstrating the strong support from institutions to demonstrate TAC's confidence in the underlying infrastructure of the TON ecosystem DeFi. Most importantly, this liquidity will provide momentum for core DeFi applications, ensuring real yield and market functionality as soon as the mainnet is launched.
Michael Egorov, founder of Curve, said: "With the listing of Telegram and TON on TAC, Curve has the opportunity to reach countless new users who have not yet entered the DeFi world. TAC has chosen the best path to bring battle-proven EVM applications to this ecosystem, and we are excited to be one of the first projects to deploy and serve new users." "
At present, protocols such as Curve, Morpho and Euler have developed their own Telegram ecological Mini Program (TMA) to facilitate the integration of their native products into Telegram. At the same time, more and more consumer-grade Mini Program applications will also integrate DeFi functions on the backend, allowing many non-crypto users to enjoy income and financial functions.
TheTAC team believes that this deep integration within the super app Telegram is a critical path to drive mass adoption of crypto in the future.
About TAC
TAC is a blockchain designed for EVM dApps to access the TON and Telegram ecosystems of billions of users. TAC facilitates the seamless deployment of Ethereum dApps to the TON ecosystem, and bridges EVM functions and liquidity to the TON ecosystem, helping developers focus on consumer-level scenario innovation.
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