Telegram Launches Crypto Wallet on TON Blockchain, Offering Self Custody and Advertising Opportunities
Summary:
Telegram has unveiled its long-awaited crypto wallet on the TON blockchain, offering self custody options to its 800 million users worldwide. The integration has led to a 7% surge in the value of TON coin, and projects built on the TON blockchain will gain priority access to Telegram Ads. Global rollout of the wallet feature will begin in November, with some countries excluded. Stay tuned for more updates.
Messaging app Telegram has finally introduced its long-awaited crypto wallet, marking a significant milestone in its plans to create a Web3 ecosystem. The unveiling took place at the ongoing Token2049 event held in Singapore. The newly launched wallet, which is developed on the TON blockchain, is now accessible to Telegram's impressive user base of 800 million worldwide. As a result of the TON wallet integration, the value of TON coin witnessed an impressive surge of almost 7%. Notably, the TON Foundation has emphasized that projects built on the TON blockchain will receive special access to Telegram Ads, the messaging app's advertising platform. While the wallet feature is already accessible in the settings, the global rollout is set to commence in November, with the exception of the United States and a few other countries. Stay tuned for further updates on this evolving story.
Published At
9/13/2023 8:02:25 AM
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