The cloud-based messaging software, Telegram, will launch its own app store by the end of July 2024 after recording 950 million users, according to CEO and Founder, Pavel Durov.
“To keep the fire going, this month, we will introduce a mini app store and an in-app browser with support for Web3-pages,” Durov posted on his channel on July 22 2024.
“2024 will go down in history as the year when hundreds of millions of people became familiar with blockchain. We’re proud that Telegram is at the epicenter of this societal transformation,” added Durov.
While the users are growing and ideas are expanding, the software has faced many scam attempts for a long time. The founder has addressed this and shared how the team is working to prevent this from occurring.
“We will also step up our efforts to fight the scammers seeking to defraud new entrants into the crypto realm. Soon, Telegram will begin displaying the month of registration and principal country for public accounts (similar to Instagram).
“We will also allow organizations to use their mini apps to issue labels for channels, creating a decentralized marketplace for third-party verification.”
The growth in users comes amid an explosion in blockchain-based games, such as NotCoin, that users tap to play on Telegram.
As reported by BitKE, NotCoin was a significant global project in May 2024, attracting more than 30 million users. These users earned points by interacting with various TON services, including TonKeeper, and other wallets, exchanges, and games. These points could later be converted into tokens tradable on exchanges, giving users tangible value.
MILESTONE | The NotCoin $NOT Token Launches on TON Blockchain, User Base Now Accounts for 0.4% of the Global Population
This large player base enabled Notcoin to attract ‘hundreds’ of Web3 organizations to advertise through the game’s ‘earn’ mechanics, according to the team.… pic.twitter.com/SopuiOEYOc
— BitKE (@BitcoinKE) May 17, 2024
Telegram aims to develop decentralized tools, including non-custodial wallets and decentralized exchanges, to securely facilitate cryptocurrency transactions for millions, Durov said back in November 2022.
He emphasized that with advancements like the Open Network (TON), the blockchain industry can fulfill its mission of empowering individuals and eliminating the need for centralized intermediaries.
Officially, The Open Network, abbreviated as TON, was founded by Telegram in 2017 to enable decentralized services such as decentralized storage, anonymous networks, DNS, and fast payments through a proof-of-stake (PoS) method.
The TON blockchain has implemented several features in recent years, leveraging the Telegram app, cryptocurrencies, and other key technologies.
Most recently, Tether, the issuer of the world’s most widely used stablecoin, partnered with the TON Foundation to enable users to send crypto payments via the popular encrypted instant messaging service.
STABLECOINS | #Telegram to Enable $USDT Payments with Global Fiat On/Off-Ramps Directly to Banks and Cards at Launch
“This initiative is set to transform global peer-to-peer payments, allowing Telegram’s users to send transfers freely and instantly between all Telegram users;… pic.twitter.com/3RQY2Ejequ
— BitKE (@BitcoinKE) May 1, 2024
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