The TON Foundation has registered in the United Arab Emirates (UAE) under the Abu Dhabi Global Market (ADGM) regulatory framework for decentralized ledger technology (DLT) foundations. The foundation's aim is to promote the adoption of the TON Blockchain, with a focus on the Middle East, North Africa, and Asia-Pacific regions. It plans to enhance the blockchain's technology, scalability, and usability, as well as foster a developer ecosystem. This registration strengthens TON's position in the region and aligns with the UAE's efforts to embrace blockchain and crypto innovation. Meanwhile, TON has struggled, with declining Total Value Locked (TVL) and the Toncoin's performance in the market. However, the network is looking beyond Telegram to improve its utility and has seen initiatives like GraFun Labs launching its memepad on the TON blockchain.



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