New Crypto Feature On Telegram: What It Means For Users

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As a researcher who has been closely monitoring the intersection of technology and finance for over two decades, I must say that Telegram’s latest update is nothing short of groundbreaking. The integration of third-party verification and NFT gifting capabilities demonstrates an unprecedented commitment to fostering trust and innovation within the social media landscape.

The move towards decentralized verification not only addresses concerns around misinformation but also opens up a world of opportunities for various sectors, such as food quality regulators or educational bodies. This is a significant step forward in creating a more transparent and reliable digital environment.

The introduction of NFT gifting further enhances user engagement by adding a unique, tradable element to the platform. It’s fascinating to see how Telegram is leveraging blockchain technology in creative ways that not only benefit users but also reinforce its commitment to the crypto ecosystem.

However, as with any groundbreaking innovation, there are challenges ahead. The success of these features will largely depend on their implementation and adoption by users. But if history has taught us anything, it’s that Telegram is always up for a challenge!

Lastly, let me leave you with a little joke to lighten the mood: Why don’t we ever trust atoms as programmers? Because they make up everything, and sometimes they just vanish without a byte!

2025 saw Telegram taking a major step forward in strengthening its connection to the cryptocurrency world, as per TechCrunch’s report. The platform has rolled out new features that allow users to send Non-Fungible Tokens (NFTs) and also introduced third-party verification for enhanced security.

Telegram Launches New Crypto Feature

Previously, Telegram primarily verified public figures and organizations to confirm their presence on the platform. Now, with a recent update, it allows third parties like food safety inspectors or educational institutions to authenticate user accounts. The goal is to increase trustworthiness and minimize false information spreading.

In simpler terms, Telegram describes this platform as a decentralized system designed to enhance account verification, aiming to minimize scams and misinformation. It introduces an innovative, proactive solution that raises the bar for safety on social media platforms. The verified accounts will now showcase a special logo instead of the regular blue checkmark, making them more noticeable and easier to distinguish.

For those seeking verification, they should initially go through a thorough application procedure. To qualify for the verified badge, this is what Telegram explains in their latest blog post.

Through its Bot API, this platform simplifies the process of handling verification statuses, enabling organizations to swiftly grant or rescind verifications. Profiles verified by external authorities will showcase the associated organization’s emblem, thereby boosting their credibility and helping users effortlessly distinguish genuine accounts from impostors.

In a creative blend of cryptocurrency and social interaction, Telegram has introduced the capability to transform digital gifts into Non-Fungible Tokens (NFTs). Users can acquire Telegram Stars by purchasing them within the app or through the Fragment site after connecting their TON crypto wallets. These Stars can be utilized for sending personalized gifts that include custom backgrounds and icons, which later can be turned into NFTs.

Telegram shared that users can exchange these NFTs across various trading platforms, highlighting the versatility of this new aspect. To handle the blockchain transactions necessary for converting gifts into collectibles, Telegram charges a fee during the upgrading process. This move not only enriches the user experience by incorporating a unique, tradable feature into gift giving, but also underscores Telegram’s dedication to smoothly incorporating cryptocurrency features within its platform.

As an analyst, I’m excited to delve into the latest updates that go beyond just verifying accounts and gifting NFTs. This update introduces a fun new element – emoji reactions for service messages, making it easier to express welcome sentiments towards new group members or acknowledge other important notifications. Additionally, the refined search filters have been customized to optimize private chats, group discussions, and channel navigation, enhancing our overall user experience.

Telegram has taken an active approach to using cryptocurrency for multiple platform features, such as providing ways for creators to earn money and enabling transactions for games and mini-apps. The addition of third-party verification and NFT gifting strengthens Telegram’s position in the rapidly changing world of cryptocurrencies.

Over the last 24 hours, I’ve observed a noteworthy 5% growth in Telegram’s native digital currency, Toncoin (TON). However, it’s important to note that over the past 29 days, the cryptocurrency has experienced a significant dip of approximately 22%. As of now, Toncoin holds a market capitalization of about $14.3 billion and boasts a trading volume of around $165 million within the last 24 hours.

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2025-01-03 08:41