Early last week, it was reported that the messaging app Telegram is working on raising capital for an audacious blockchain-based ecosystem of services and a network token called TON.  Some skeptics have mockingly called this the largest $1.2 billion seed round in history. Others claim that it is a more aggressive version of Kik’s Kin offering this summer.

I see what Telegram is attempting to do as thematically a very important next step for the internet. We are nearing the end of the road for the current development cycle of the web and internet services. The future is going to be services and companies that are able to effectively leverage centralized and decentralized paradigms in combination.