Pavel Durov, founder of Telegram, has announced a new initiative called Cocoon. It is a decentralised AI compute network built on the TON (The Open Network) blockchain. It was announced at the Blockchain Life 2025 conference in Dubai.
Cocoon, which stands for Confidential Compute Open Network, is scheduled to launch this month and will count Telegram as its first major customer. The network will function as a marketplace where individuals or data centers contribute GPU computing power and earn the native cryptocurrency of TON, Toncoin, in return.