Telegram To Launch Web3-Enabled Mini App Store, Here’s All

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As someone who has closely followed the developments in the cryptocurrency and messaging app industries, I am genuinely excited about Telegram’s upcoming Web3 integration. With over 900 million users worldwide, Telegram is a significant player in the digital communication landscape. The announcement of a Web3-enabled mini app store and an in-app browser supporting Web3 pages marks a strategic move to tap into the growing blockchain adoption trend.

Telegram, boasting around 900 million global users, is all set to advance into the Web3 realm. According to its CEO, Pavel Durov, this progression includes the upcoming launch of a mini app store specifically designed for Web3 applications and an integrated in-app browser capable of accessing Web3 webpages, both scheduled for release towards the end of this month.

Telegram Mini App Launch & Web3 Integration Impact

Telegram, the widely-used messaging platform with approximately 900 million global users, is planning to advance into the Web3 realm. According to CEO Pavel Durov’s recent announcement, they will be introducing a mini app store that is compatible with Web3 technologies and an in-app browser capable of accessing Web3 webpages by the end of this month.

As a seasoned observer of the cryptocurrency landscape, I have witnessed firsthand the meteoric rise of various platforms aiming to carve out a niche for themselves. Among these, TON has particularly caught my attention due to its innovative approach to blockchain technology and the impressive traction it has gained in the market.

Durov highlighted the significance of the year 2024 for the widespread adoption of blockchain technology, asserting, “The year 2024 will be remembered for being pivotal in introducing hundreds of millions of people to blockchain. We take pride in Telegram’s role as a catalyst for this societal shift.”

The company intends to strengthen its Web3 functionalities while improving security features. Starting soon, the app will show registration dates and primary countries for public accounts, akin to Instagram. Additionally, organizations will be able to issue labels for channels via their mini apps, thereby establishing a decentralized marketplace for third-party authentication.

TON Blockchain Growth and Ecosystem Development

The TON blockchain has witnessed significant expansion in recent times. The Total Value Locked (TVL) in this platform has more than doubled since May, reaching over $760 million. Similarly, the network’s native token, Toncoin, has experienced remarkable price escalation, tripling in value since the beginning of the year.

The TON Foundation is taking steps to enhance its platform by introducing “Triangle,” a startup accelerator program in collaboration with Sign and 1inch. Designed to cultivate growth within the Telegram and TON cryptocurrency community, this initiative gathers influential figures from the blockchain sector, showcasing Notcoin, a popular game, as an example. This collective endeavor underscores the Foundation’s commitment to increasing and reinforcing the reach of the TON network in the larger digital currency marketplace.

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2024-07-19 21:07