Telegram Unveils Cocoon AI Network on TON Blockchain in Dubai
Key Developments:
- Pavel Durov, CEO of Telegram, announced the launch of Cocoon, a decentralized AI network built on the TON blockchain, at Blockchain Life 2025 in Dubai.
- Cocoon emphasizes privacy and digital freedom, allowing developers to pay GPU owners with TON tokens for computational power.
- Telegram will be Cocoon's first client, using it for confidential AI queries.
- AlphaTON Capital plans significant investments in GPU infrastructure to support Cocoon’s decentralized AI operations, enhancing performance with strategically located data centers.
- The Cocoon network is set to launch in November 2025, aiming to enhance data privacy in Web3 machine intelligence networks.
- The price of TON dipped by 1.5% to $2.20, with increased trading activity following the announcement.
Additional Insights:
- Investor interest has surged in early-stage projects like Best Wallet, which integrates AI tools for managing crypto assets.
- Best Wallet's presale funding exceeded $16.7 million, with tokens priced at $0.026.
