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Unchained

Apps on the TON Blockchain Have Become Extremely Popular. Is It Sustainable? - Ep. 678

Unchained

Laura Shin

News, Tech News, Business News

4.51.3K Ratings

🗓️ 23 July 2024

⏱️ 69 minutes

🧾️ Download transcript

Summary

The Open Network, aka TON, has been on a tear since late February. TVL has skyrocketed 34x since the beginning of the year, reaching over $750 million as of the time of recording. The price of TON has more than tripled from about $2 to $7, and daily active addresses recently exceeded those of Ethereum in May and June. Games with fun names like Hamster Kombat and Catizen are gaining traction, and Pantera Capital, an OG crypto investor, is making its largest investments yet in TON. In this episode, Alena Shmalko and Jack Booth from the TON Foundation discuss how TON has managed to garner this traction, especially after a rocky start when the SEC went after the original founder, Telegram. Show highlights: 00:00 Intro 02:13 Alena’s and Jack’s backgrounds and how they ended up at TON 05:35 How TON evolved from its origins with Telegram to its current status and how it began getting traction this year, according to Jack 11:21 How The Open League helped TON grow its TVL and other important metrics 15:40 How Telegram's collaboration with TON has evolved through time and how much they work together 24:47 Whether there are plans for TON to integrate with apps beyond Telegram 30:15 What in TON’s architecture allows it to be extremely scalable 33:20 The mechanics of Notcoin and why it has been so successful 36:49 Whether the rise of games like Notcoin and Hamster Kombat can be sustainable 46:05 The importance of USDT in Ton 51:53 When might a Bitcoin trustless bridge be deployed and why it could be significant 54:43 Whether TON is being used by criminals and what could be done to combat it 58:59 What strategies will lead TON to have $1 billion in TVL by the end of the year Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot Guests: Alena Shmalko, Ecosystem Lead at the TON Foundation Jack Booth, Director of Marketing at the TON Foundation Links Previous coverage on Unchained of TON: Could Telegram-Associated TON Blockchain Be the 'Next Solana' and Challenge Ethereum? Layer 2 Networks Are Arriving on the Telegram-Associated TON Blockchain TON Blockchain's Stablecoin Transfer Volume Reaches Record $299 Million on US Independence Day What Is Telegram's Ads Network on TON And How Will It Impact Advertisers & Creators? History & Structure TON roadmap CoinDesk: Telegram Abandons TON Blockchain Project After Court Fight With SEC Telegram Agrees to Pay $18.5M Penalty in SEC Settlement Over Failed TON Offering Messaging App Telegram Gives Endorsement to TON Project; Token Surges Cointelegraph: Telegram ad platform to launch via TON blockchain Notcoin: Decrypt: What's Next for Notcoin? Becoming the 'Netflix of Social, Viral Games' Notcoin, a Free Telegram Game Based on the TON Blockchain, Surges in Popularity Hamster Kombat Cointelegraph: Hamster Kombat destined for Guinness World Record? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Viral mechanics and incentives are the name of the game with telegram mini-aps.

0:06.9

If you can introduce those and you can do them in a simple fun way that keeps people

0:11.1

engaged, keeps people coming back every single day, then your app will

0:15.2

reach millions of users. It's as simple as that and has been proven literally more than 10, 15 times now by different projects.

0:27.0

Hi everyone, welcome to Unchained, you're a no-hype resource for all things crypto.

0:35.0

I'm your host Laura Shin, author of The Cryptopians.

0:38.6

I started covering crypto nine years ago and as the senior editor, Forbes, was the first mainstream meter porter to cover

0:43.5

cryptocurrency full-time. This is the July 23rd 2024 episode of Unchained.

0:48.9

Pocodot is the original and leading Layer Zero blockchain with over 2000 plus developers. And the Pocodot 2 and the

0:54.0

layer zero blockchain with over 2,000 plus developers and the Pocodot 2.0 upgrade will be a massive accelerator for the ecosystem

0:58.0

making it faster, more secure and adaptable,

1:01.0

perfect for GameFi and Defi to build, grow and scale.

1:05.0

Join the community at Pocodot. network slash ecosystem slash community.

1:10.0

Today's topic is the recent rise of Tunn or the Open Network.

1:15.0

Here to discuss our Elena Schmalco, ecosystem lead at the Tunn Foundation,

1:20.0

and Jack Booth, Director of Marketing at the Tunn Foundation. Welcome, Alina and Jack. Director of Marketing at the Tund Foundation.

1:23.0

Welcome, Melina and Jack.

1:24.0

Hey, glad to be here.

1:26.8

Thanks for having us, Laura.

1:27.8

Yeah, exactly.

1:30.6

The Open Network, also known as TUN, has recently been on a tear since late February.

1:35.8

It's TVL has 34X.

...

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