Institutional-Grade Analysis, In-depth Insights, Animoca Brands Research

Animoca Brands Research

Institutional-Grade Analysis, In-depth Insights

Animoca Brands Corporation Ltd. is a Hong Kong-based game software company and venture capital company

Crypto

<ul>
<li>In September 2023, TON Foundation and Telegram announced a strategic partnership with the ambitious goal of onboarding 30% of Telegram's active users to TON by 2028. Serving as the infrastructure layer, TON leveraged Telegram Mini-App to reach and engage Telegram's vast user base.</li>
<li>The success of Notcoin paved the way for activating Mini-App users through social games. Subsequently, users were introduced to crypto through airdrops of game-launched tokens and meme coins. To support this growth trajectory, the foundation has utilized TON Grants, The Open League, and offline events to align with these objectives.</li>
<li>By July 2024, Telegram Mini Apps reached 500 million monthly active users (MAUs), elevating Telegram's MAUs to a new peak of 950 million. By October, 30 million of these users had transitioned into the cryptocurrency world.</li>
</ul>


In September 2023, TON Foundation and Telegram announced a strategic partnership with the ambitious goal of onboarding 30% of Telegram's active users to TON by 2028. Serving as the infrastructure layer, TON leveraged Telegram Mini-App to reach and engage Telegram's vast user base.
The success of Notcoin paved the way for activating Mini-App users through social games. Subsequently, users were introduced to crypto through airdrops of game-launched tokens and meme coins. To support this growth trajectory, the foundation has utilized TON Grants, The Open League, and offline events to align with these objectives.
By July 2024, Telegram Mini Apps reached 500 million monthly active users (MAUs), elevating Telegram's MAUs to a new peak of 950 million. By October, 30 million of these users had transitioned into the cryptocurrency world.


TON Part 2: A Win-Win Outcome from One Year of Partnership

<ul><li>The world is currently focused on France's actions against Telegram and Durov, but this is not the first time Telegram and TON have faced governmental scrutiny. In 2014, the Durovs were forced to sell their social media company VK after refusing the Kremlin's request to censor content. Then, in 2018, Telegram was partially blocked in Russia for its refusal to provide decryption keys to the FSB.</li><li>Durov and Telegram have a long-standing commitment to freedom of speech, privacy, and decentralization, which has naturally led them to crypto and the creation of TON. In 2020, Telegram settled with the SEC for $18.5 million and returned $1.22 billion raised through an ICO for TON development.TON became a community project operated by TON Foundation.</li><li>Our analysis suggests that the Durov brothers are crucial to the commercial relationship between TON and Telegram, playing key roles in decision-making for both entities. Consequently, Toncoin's value is heavily dependent on Telegram as a user acquisition channel, making it vulnerable to external pressures, such as France's recent actions.</li></ul>

The world is currently focused on France's actions against Telegram and Durov, but this is not the first time Telegram and TON have faced governmental scrutiny. In 2014, the Durovs were forced to sell their social media company VK after refusing the Kremlin's request to censor content. Then, in 2018, Telegram was partially blocked in Russia for its refusal to provide decryption keys to the FSB.Durov and Telegram have a long-standing commitment to freedom of speech, privacy, and decentralization, which has naturally led them to crypto and the creation of TON. In 2020, Telegram settled with the SEC for $18.5 million and returned $1.22 billion raised through an ICO for TON development.TON became a community project operated by TON Foundation.Our analysis suggests that the Durov brothers are crucial to the commercial relationship between TON and Telegram, playing key roles in decision-making for both entities. Consequently, Toncoin's value is heavily dependent on Telegram as a user acquisition channel, making it vulnerable to external pressures, such as France's recent actions.

TON Coverage Part 1: TON + Telegram = Path to 1 Billion Web3 Users?

United States

Toncoin (TON) is the native cryptocurrency of the decentralized layer-1 blockchain, The Open Network (TON). The TON blockchain is open-sourced and supported by many network contributors, including the Switzerland-based non-profit organization, the TON Foundation.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Toncoin (TON CURNCY)

TON Part 2: A Win-Win Outcome from One Year of Partnership

In September 2023, TON Foundation and Telegram announced a strategic partnership with the ambitious goal of onboarding 30% of Telegram's active...

Animoca Brands Research

TON Coverage Part 1: TON + Telegram = Path to 1 Billion Web3 Users?

The world is currently focused on France's actions against Telegram and Durov, but this is not the first time Telegram and TON have faced...

Animoca Brands Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)