Telegram identified the TON network as its Web3 infrastructure choice, and TON rose by more than 16% in 24 hours

Odaily News Telegram has identified the TON network as the blockchain network choice for its Web3 infrastructure. Many noteworthy developments in TON will be built based on Telegram. Telegram began developing the TON blockchain in 2018. The company abandoned the project in August 2020 after the US SEC accused it of selling unregistered securities. The following year, the project was taken over by community members and the TON Foundation was established. Ouyi OKX market shows that TON is temporarily trading at 1.959 USDT, with a 24-hour increase of 16.41%. (CoinDesk) Earlier today, the TON Foundation announced a partnership with Telegram to launch a self-hosted encryption wallet TON Space for platform users. In addition, projects built on TON have priority access to Telegram Ads. The TON Foundation added that it will launch TON Space globally in November, but the service area will not include the United States and some other countries.