TAC Raises $6.5M to Bridge EVM and TON Ecosystems, Enabling DeFi on Telegram for 950M+ Users

Nov 11, 2024, 11:00 AM

TAC has raised $6.5 million in seed funding, led by Hack VC and Symbolic Capital, to provide TON and Telegram users with in-app access to EVM applications. This funding positions TAC as a significant bridge between the TON and Ethereum ecosystems. The infrastructure, built with Curve’s Michael Egorov and TOP, aims to simplify the deployment of decentralized applications (dApps) on Telegram. This development is expected to facilitate DeFi on Telegram, leveraging the platform's massive user base of over 950 million. Polygon Ventures also supports TAC in bridging the gap between EVM networks and Telegram users. The initiative is expected to drive significant developer innovation.