Telegram Set to Launch Web3-Enabled Mini App Store This Month

Telegram, the widely used messaging application boasting around 900 million users globally, is poised to make a substantial foray into the Web3 realm. Pavel Durov, the CEO, has declared intentions to introduce a tiny app store with Web3 capabilities and an in-app browser that will support Web3 pages before the end of this month.

Telegram Mini App Launch & Web3 Integration Impact

Telegram, a widely used messaging application boasting a user base of around 900 million globally, is poised to make a substantial foray into the Web3 arena. Pavel Durov, the CEO, has declared intentions to introduce a tiny app store with Web3 capabilities and an in-app browser that will support Web3 pages before the end of this month.

This decision is being made as they further enhance their standing in the bitcoin industry. The platform has had success with blockchain-based activities, specifically tap-to-earn games that utilize the TON blockchain. These games have garnered a large user base, with the Notcoin game alone facilitating the creation of more than 1 million wallets on the TON network during its token generation event, as per Coingape.

Durov underscored the significance of 2024 in terms of blockchain adoption, asserting that it will be remembered as the year when a vast number of individuals gained familiarity with blockchain technology. We take great pride in the fact that Telegram is positioned at the very center of this significant societal change.

Furthermore, they intend to augment their Web3 capabilities while also bolstering security measures. In the near future, the application will provide the dates for registration and the main countries of origin for public accounts, much like Instagram. In addition, their concept involves enabling businesses to generate labels for channels using their small applications, thereby establishing a decentralized marketplace for third-party verification.

Additionally, please read: Mike Novogratz predicts that President Biden will withdraw from the election race within 72 hours.

TON Blockchain Growth and Ecosystem Development

Recently, the TON blockchain has undergone significant expansion. The Total Value Locked (TVL) has experienced a growth of over 100% since May, exceeding $760 million. The native token of the network, Toncoin, has experienced significant price appreciation, increasing in value by more than three times since the start of the year.

The TON Foundation has initiated a startup accelerator program named "Triangle" in order to enhance its ecosystem. This collaboration, in conjunction with Sign and 1inch, seeks to promote expansion inside the Telegram and TON cryptocurrency ecosystem. The program unites important participants in the blockchain industry, such as the well-known game Notcoin, showcasing a focused endeavor to enhance and fortify the TON network's influence in the wider cryptocurrency domain.