AlphaTON invests $46 million in a computing power agreement to expand Telegram's native AI platform, Cocoon AI.

According to Mars Finance, AlphaTON Capital Corp, the treasury company behind the TON token, has signed a $46 million computing infrastructure agreement to purchase 576 NVIDIA B300 chips to expand its decentralized Telegram-native AI platform, Cocoon. The deal includes $4 million in cash, $32.7 million in funding, and $9.3 million in equity. Cocoon, built on the TON blockchain, allows users to rent out GPUs to meet their platform needs and earn Toncoin rewards. It is positioned as a privacy-focused decentralized AI alternative, distinct from large technology platforms like Google Gemini or OpenAI ChatGPT. The chips are expected to be delivered in February.