The Tapswap team has ended the speculation surrounding the blockchain platform for their project by announcing that they will now launch on The Open Network (TON) blockchain.
The announcement was made on Tapswap’s X page, detailing the reasons behind the strategic decision.
“Exciting News: Blockchain Announcement We’re thrilled to announce that TapSwap will launch on the TON blockchain! This well-thought-out decision is the best option for delivering the ultimate experience for our ever-growing community. Stay tuned for more updates and details! Get ready to tap into new possibilities with #TON,” the Tapswap team posted.
Previously powered by the Solana blockchain, Tapswap’s decision to part ways with Solana had caused a stir within the crypto community. The lack of immediate clarity on the new blockchain platform had led to uncertainty and negative PR for the project.
The latest announcement has cleared the air, boosting confidence among participants and stakeholders. This move aligns Tapswap with a blockchain that is gaining traction and credibility in the crypto space.
Telegram has become an integral part of the cryptocurrency industry, hosting numerous Web 3 projects such as Notcoin, Hamster Kombat, Tapswap, Yescoin, and Blum. The Open Network (TON) is Telegram’s proprietary blockchain, designed to drive cryptocurrency adoption by leveraging the social media capabilities of Telegram.
Originally developed by Nikolai Durov and the Telegram team, the TON blockchain, formerly known as Telegram Open Network, is a decentralized computer network and blockchain platform.
It was created to integrate blockchain and cryptocurrency into the Telegram ecosystem, aiming to handle large-scale transactions and applications with high performance.
TON features its own native crypto token, Toncoin, which users can utilize to pay blockchain fees and participate in governance decisions.
Developed in 2018, the TON blockchain is quickly becoming a major player in the cryptocurrency ecosystem, leveraging Telegram’s vast user base of 800 million users.
