Telegram's crypto ambitions: Inside its new mini app retailer and Web3 browser

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  • Telegram is debuting a mini app retailer with an in-app Web3 browser.
  • Telegram goals to be the “epicenter” of social change.
  • The appliance may also strengthen efforts to fight fraudsters within the cryptocurrency area.

In style messaging app Telegram is increasing its attain into the cryptocurrency area with a brand new mini-app retailer and an in-app browser designed to help Web3 pages.

CEO Pavel Durov introduced upcoming options, positioning Telegram as a central hub for the rising blockchain neighborhood.

Talking on his official Telegram channel, which boasts over 4 million subscribers, Durov added that 2024 might be a historic yr when “a whole bunch of tens of millions of individuals will turn out to be accustomed to blockchain,” and that Telegram would be the “epicenter” of this “social transformation.”

“To proceed this momentum, this month we might be introducing a mini app retailer and an in-app browser with help for Web3 pages.”

Telegram may also step up efforts to fight fraudsters within the digital asset area who use phishing hyperlinks and hacking makes an attempt on social media platforms to ensnare traders. The social messaging platform will quickly show the month of registration and first nation of public accounts, much like Instagram, to enhance transparency.

The Telegram chief additionally confirmed that within the close to future, organizations will have the ability to challenge labels to channels and a decentralized market for third-party verification might be created. Telegram goals to make use of transparency and decentralization to tell customers concerning the risks and alternatives that exist within the digital asset sector, Durov mentioned.

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Telegram's recognition has skyrocketed amongst crypto fans following the launch of the 2 trending video games on the platform, “Notcoin” and “Hamster Kombat.” The 2 tap-to-earn video games now have tens of millions of customers and have seen document development previously few months.

In the meantime, Toncoin (TON), the native token of the Telegram-backed open community, has seen explosive development over the previous yr for the reason that social networking software made its full-scale entry into the blockchain area.

On the time of writing, TON is buying and selling at $7.34, up 437.08% since July 2023, incomes a spot on the record of the highest 10 digital belongings with a market capitalization of $18.46 billion.

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