The price of TON jumped 16% after Telegram announced a deal with Elon Musk’s xAI to integrate Grok, an LLM chatbot, into the platform. Here’s the breakdown:
Details of the deal: Telegram and xAI have entered into a one – year exclusive distribution agreement. Under the terms of the deal, xAI will pay Telegram $300 million in cash and equity, and Telegram will also receive 50% of all Grok – related subscription revenue generated through the platform.
Reasons for TON’s price increase
Increased platform utility: The integration of Grok into Telegram could enhance the platform’s functionality. Grok may handle customer service and content
recommendations, and select features may require TON payments. This could drive the adoption of TON as users may need to buy the token to access premium Grok services, similar to OpenAI’s subscription model.
Positive market sentiment: The partnership between Telegram and xAI is seen as a significant development, generating positive market sentiment. The deal not only brings in substantial financial resources but also positions Telegram as a leader in integrating AI technology into a messaging ecosystem, which in turn boosts the prospects of the TON ecosystem.
Expectations of future growth: Developers anticipate that the integration will lead to the creation of new decentralized applications (dapps) that leverage Grok’s natural language processing capabilities, such as AI – curated channels and smart contract automation. Analysts project that TON could capture 15% of the social – fi market by 2026 if the integration is successful.
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