- Crown leverages his experience from MoonPay to boost TON blockchain
- TON blockchain users surge to 41 million, despite token dip
- TON Foundation aims to onboard 30% of Telegram’s active users by 2028.
The TON Foundation has selected Maximilian Crown, co-founder of MoonPay, as the new CEO. The foundation appointed Maximilian Crown after the former CEO, Manuel Stotz, became president of the board. This move seeks to strengthen the position of the TON blockchain in the market.
As the CEO of TON Foundation, Maximilian Crown will contribute his extensive experience from his position as CFO and COO at MoonPay. He spearheaded the company expansion and forged partnerships between MoonPay and banks, payment companies, as well as regulatory authorities. Crown’s business connections and experience could fuel the growth of the TON blockchain.
TON Foundation’s Global Expansion
The TON Foundation seeks to develop its blockchain services as well as increase its adoption among Telegram users. The TON blockchain plans to utilize its fast and scalable blockchain to onboard 30% of Telegram’s users by 2028. Crown believes TON’s distinctive integration with Telegram provides the blockchain with a competitive advantage to grow internationally.
The TON blockchain has experienced major growth, with an increase from 4 million to 41 million in its active users over the past year. However, the TON token encountered a 46% price drop in the same period. The increase in active users and investor interest indicates future potential in the blockchain.
Maximilian Crown’s appointment follows a major capital investment in the TON network. Furthermore, venture capital firms such as Sequoia Capital and Benchmark invested $400 million in the Toncoin cryptocurrency. The investment will drive further development and expansion of the ecosystem.
TON Eyes Payment Growth Under Crown
Crown will lead the development of foundation payment systems. His expertise to navigate complex regulatory challenges will be essential in TON’s integration of blockchain technology. His ability to obtain regulatory approvals in various jurisdictions makes him suitable to manage TON’s expansion hurdles.
The TON Foundation’s leadership changes match its mission to transform Telegram into a multifunctional “Super App.” This approach seeks to improve user experience and add features such as blockchain-powered payments, games, and shopping. The partnership with Telegram will play a major role in the expansion of the ecosystem.
The TON blockchain continues to pursue its objectives despite fluctuations in daily fees and transactions.