The TON Foundation has launched the Society DAO, a decentralized governance model aimed at enhancing decentralization and equitable capital access within the TON ecosystem. This new framework was announced on November 1 at The Gateway event by the foundation’s president, Steve Yun. The Society DAO is composed of four founding members: TON Core, TON Society, Wallet in Telegram, and TON Studio. It seeks to address centralization risks identified in the ecosystem, particularly the reliance on the foundation for success, which may create a single point of failure. To combat these risks, the foundation is implementing measures such as open-source capital access and community resource allocation through a Community Model. Additionally, Wallet in Telegram has integrated custodial and self-custodial wallet options, enhancing user autonomy within the platform. TON Space will now provide users with self-custody capabilities alongside standard custodial solutions, paving the way for broader engagement with the TON ecosystem.

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