Alisher Morgenshtern, a popular Russian rapper and YouTuber, has sold all his bitcoin and invested the money in Toncoin, the native cryptocurrency of TON project. The hip-hop star has also sung a song about it… “sold all the cue balls and bought TON”. Morgenshtern has bought $130,000 worth of Toncoin.
The Russian celebrity believes the future is in metaverses, NFTs and the crypto world. He supports the developers of TON. During the release of the song WHY, Morgenshtern shared his passion for crypto. He has also shared a post explaining why he prefers TON. The rapper announced a special community for fans and TON enthusiasts to pay 1 TON just for login.
TON had previously received tremendous support from Telegram founder Pavel Durov. He publicly supported Toncoin developers and had expressed pride about the technology. Durov’s heartful statement that “combined with the right go-to-market strategy, TON has what it takes to build something big” pushed up the price of Ton by 46%.
However, he had to close the Telegram Open Network (TON) project in Mary 2020 because of legal conflict with the US Securities and Exchange Commission (SEC). The regulator implemented a ban on the distribution of TON tokens. Despite the closure, some independent teams continued work on the blockchain. As such, the NewTON Blockchain test network was launched in May 2020 and in August 2021, the team transferred their domain name and GitHub repository to the NewTON project.
There was a name change too – The Open Network.