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TAC Secures $11.5 Million to Bring DeFi to Telegram’s Billion-User Ecosystem
- TAC has secured $11.5 million through seed and strategic rounds to integrate blockchain technology into Telegram's ecosystem.
- The recent $5 million strategic round, led by Hack VC, aims to support TAC's mission of bringing Ethereum applications to Telegram's broad user base.
- The funds will aid TAC in implementing a staggered rollout in preparation for its mainnet launch, with top DeFi protocols like Curve, Morpho, and Euler already deploying in the current phase.
- TAC's goal is to provide EVM developers with tools to deploy applications on Telegram, aiming to shape how Ethereum dApps reach global users.
- More than $700 million in total value locked (TVL) has been secured for TAC's pre-mainnet liquidity bootstrapping campaign from leading industry players.
- This institutional-grade support indicates confidence in TAC's role as a DeFi layer for TON, powering primary DeFi applications such as Curve.
- Curve, Morpho, and Euler have already developed specialized Telegram Mini Apps (TMAs) to provide DeFi capabilities within Telegram.
- Consumer TMAs are starting to include DeFi functionalities, offering yield and financial tools to non-crypto users within the Telegram super app.
- The strategic round accelerates TAC's mission of making Ethereum applications accessible to everyday users and laying the foundation for TON-native consumer apps.
- TAC's early traction ensures deep liquidity and tested DeFi primitives for a seamless user experience on Telegram.
- Hack VC's Managing Partner, Ed Roman, expressed confidence in TAC's team and their ability to shape the future of Ethereum dApps reaching global users through Telegram and TON.
- Prominent industry players, funds, and liquidity providers have shown significant interest in supporting TAC's vision.
- TAC's initiative is set to open new opportunities for DeFi within Telegram's billion-user ecosystem, enabling wider adoption and accessibility.
- The convergence of DeFi functionalities within Telegram is seen as a key driver for wider acceptance and user engagement in the cryptocurrency space.
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