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Aligned Layer: Transforming ZK Proofs for Ethereum

Aligned Layer: A New Dawn for Zero-Knowledge Proofs on Ethereum In the ever-evolving landscape of blockchain technology, Aligned Layer emerges as a pivotal player by securing a substantial $2.6 million seed round. This decentralized Zero-Knowledge (ZK) proof verification layer for Ethereum, powered by Eigen Layer, promises to redefine the infrastructure for proof verification, making it more accessible and efficient for developers. With major backing from investors such as Lemniscap, Bankless Ventures, and StarkWare, Aligned Layer is poised to significantly enhance Ethereum’s capabilities. Funding and Future Plans The recent funding round will primarily focus on: Team Expansion : Bringing in more expertise to accelerate development. Mainnet Launch : Targeting Q2 2024 for the release, which is crucial for the ecosystem. Why Aligned Layer Matters As a new infrastructure layer, Aligned Layer offers affordable Zero-Knowledge Proof verification, which is essential for the sca...

Telegram Shares Ad Revenue, Toncoin Surges 31%

Telegram's Bold Move: Revenue Sharing with Creators and the Rise of Toncoin

In an era where digital content creation thrives, Telegram has taken a significant step forward by announcing its plan to split ad revenue with creators, a move that not only benefits channel owners but also revitalizes its associated cryptocurrency, Toncoin (TON). As this innovative initiative was unveiled, the cryptocurrency market witnessed a remarkable surge, reminiscent of the excitement surrounding the early days of blockchain technology.

Key Highlights of Telegram's Announcement

  • Ad Revenue Sharing: Starting Friday, Telegram will distribute 50% of ad revenue generated from channels to their owners, whether individuals or organizations.
  • Exclusive Payouts in Toncoin: All earnings will be paid out exclusively in Toncoin, enhancing the token's utility within the Telegram ecosystem.
  • Pavel Durov's Statement: The founder of Telegram emphasized that this move will allow content creators to either cash out their Toncoins or reinvest them to enhance their channels, fostering a thriving community.

The Immediate Impact on Toncoin

Following the announcement, Toncoin experienced an impressive surge of 31%, reaching a high of $2.84—a price point not seen since February 2022. This spike brought the token's market capitalization to an impressive $9.8 billion. Although the price has since adjusted to around $2.41, it remains up nearly 12% on the day, showcasing the powerful reaction from investors and the market at large.

Telegram’s Massive Reach

Durov highlighted that Telegram channels collectively garner one trillion views monthly, indicating a vast potential for ad revenue generation. While specifics on previous revenue figures were not disclosed, this impressive reach underscores the platform's significance in the digital content landscape.

The Evolution of Toncoin

Originally conceived as part of the Telegram Open Network (TON), Toncoin faced challenges from regulatory scrutiny, notably from the U.S. Securities and Exchange Commission (SEC). Following these hurdles, Telegram withdrew from the project in 2020, leading the community to continue its development independently. Today, Toncoin serves as a foundation for various projects, including Notcoin, an engagement-based game and meme coin.

Exploring Additional Resources

For those interested in maximizing their experience on Telegram and enhancing their presence, consider these resources:

In a landscape where content creators often struggle with monetization, Telegram’s innovative approach not only empowers individual creators but also strengthens the Toncoin ecosystem. By creating a direct financial incentive for channel owners, Telegram is poised to enhance user engagement and foster a more vibrant community.

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As the world of digital content and cryptocurrency continues to evolve, Telegram’s revenue-sharing model could very well set a precedent that encourages other platforms to adopt similar practices, ensuring a more sustainable future for content creators.

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