At Blockchain Life 2025, Telegram founder Pavel Durov made a blockbuster announcement: the launch of Confidential Compute Open Network (Cocoon) - an open, decentralized platform for private AI computing powered by the TON blockchain. The project promises to drastically cut AI costs, guarantee full data privacy, and create sustainable demand for Toncoin. The live-streamed presentation drew thousands of viewers, igniting excitement across the Telegram Open Network ecosystem.
Cocoon tackles the core pain points of today’s AI market: sky-high prices and centralization in cloud giants like AWS or Google Cloud, where user data remains vulnerable to breaches. Here, GPU owners can monetize their hardware by powering the network and earning TON. App developers gain access to ultra-low-cost AI resources, while end users enjoy AI with ironclad privacy. “Telegram is already generating massive demand for solutions like this,” Durov emphasized, highlighting seamless integration with the messenger to turbocharge adoption.
At the heart of the ecosystem is Cocoin (COC) - a TON-based stablecoin pegged 1:1 to the U.S. dollar and fully backed by Toncoin collateral. Unlike volatile TON, COC is built for settlements: minting is only allowed when the peg exceeds $1.1, and a FIFO (first in, first out) mechanism ensures stability. TON, meanwhile, becomes the “collateral of choice”: locking it reduces circulating supply, creating double demand - as backing for the stablecoin and as the ecosystem’s base asset. If the peg slips, collateral enters auctions where COC buyers snap up TON at a discount, injecting liquidity.
“This isn’t just a network - it’s the foundation for a business model where GPU owners earn stable income and companies get predictable financial tools without volatility,” Durov explained. To bootstrap liquidity, participants lock 2× TON, mint COC, and sell at a premium — fueling ecosystem growth.
Cocoon launches in November 2025. GPU owners can already apply via t.me/cocoon. Analysts predict the project will not only cement TON as crypto’s “base asset” but also position Telegram as the hub for decentralized AI. Stay tuned - the private computing revolution is here!
Source: Pavel Durov’s keynote at Blockchain Life 2025
