Telegram's Web3 Ecosystem: Mini Apps and the Crypto World Revolution

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Bittime - Telegram, a messaging app with 800 million monthly active users, is entering the Web3 world with its Mini Apps platform. Launching in 2023 through a strategic collaboration with The Open Network (TON) Foundation and Tencent, Mini Apps opens the gates for business Web3 to bring crypto-friendly apps directly inside Telegram.

Let's look at further discussion regarding the Telegram Web3 Ecosystem!

Benefits of Mini Apps for the Telegram Web3 ecosystem

Telegram Mini Apps offer a variety of potential benefits to the Web3 ecosystem, including but not limited to:

Security and privacy

Telegram's Web3 ecosystem follows a privacy and security focused approach. As per the terms and conditions of the app, comprehensive data record management and focus on regulatory compliance to meet strict governance policies are ensured to safeguard user data.

LeapXpert, a pioneer in responsible business communications, plays a critical role in this effort. By offering a compliant and secure communications platform, LeapXpert ensures that user correspondence via Telegram complies with regulatory standards, providing users with a safe environment to communicate and transact.

Scalability and Mass adoption

Scalability becomes crucial in Web3, where DApps and blockchain-based services aim for widespread adoption. TON's ability to efficiently manage high transaction volumes is considered a potential attraction for builders DApp.

These high-speed transactions, combined with access to Telegram's 800 million users, are critical factors that have the potential to attract new users and overcome the challenge of achieving mass adoption.

Web3 supported payment gateway

The integration of Web3 payment gateways within Telegram Mini Apps further enhances the overall user experience. This facilitates seamless and secure peer-to-peer transactions, an important aspect of the growing token economy.

Apart from integrated payment gateways such as Google Pay and Apple Pay, Telegram Mini Apps supports Toncoin, TON's native cryptocurrency, adding another layer to the ecosystem and enabling crypto users to easily engage in blockchain-based transactions.

Community Engagement

Telegram, for a decade, has been a popular community and promotional platform for crypto enthusiasts. With the introduction of Mini Apps Telegram, Web3 projects — GameFi, DeFi, decentralized exchanges (DEX), decentralized autonomous organizations (DAOs), and non-fungible token projects (NFT) — can now introduce a dynamic and interactive ecosystem. Introduce Mini App custom badges or leaderboards on user or channel profiles.

Completing tasks, achieving milestones, or contributing to the community with Mini Apps can be rewarded with virtual badges, increasing user motivation and creating a sense of accomplishment.

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Blockchain gaming and Telegram Mini Apps

The gaming sector is considered a pioneer in accessing Telegram's massive Mini Apps ecosystem. One of the earliest games to utilize Telegram's Mini Apps was the Fanton project, a fantasy football game with 55,000 monthly active users at its launch on Mini Apps at TON in September 2023. Others include Hero Blaze: Three Kingdoms, Tap Fantasy, Egg Fight Club, and Growing.

PlayDeck is TON's toolkit on TON's gaming platform, TON Play, which allows game developers to harness the power of Telegram Mini Apps. This will allow developers to publish any web-based game to Telegram games within minutes, enhancing the gaming ecosystem. TON Play has a variety of games in chess, strategy, shooters, card games, economic simulators, etc.

Games launching here have the advantage of creating and managing their gaming communities on Telegram, cashing out NFTs, creating in-game tokens, or accepting crypto payments for other features. Tencent's partnership with Telegram and TON brings enhanced gaming solutions powered by Tencent Cloud services.

Telegram games built on TON can benefit from Tencent Cloud's enriched gaming solutions, as it supports TON validators and plans to further expand its services to help meet TON's computing intensity and network bandwidth needs. This solves the problems of speed, scalability, and storage.

Mini Apps Telegram DeFi Integration

DeFi is often characterized as plagued by fragmented user experiences and difficult-to-use technology, which makes it increasingly difficult for beginners and hinders its mass adoption. Mini Apps Telegram brings the opportunity to create powerful synergies to be able to manage DeFi investments, borrow or lend crypto, and trade DeFi assets, all within the familiar and integrated landscape of Mini Apps Telegram.

However, the DeFi landscape on Telegram Mini Apps is still in its infancy, and new projects continue to emerge. Many projects are establishing a presence on Telegram Mini Apps, including Bitget, Button Wallet, TON Swap, and 1inch Network.

By seamlessly integrating blockchain technology and building partnerships with industry leaders such as The Open Network Foundation and Tencent, Telegram is positioning itself as a key player on the verge of developing a decentralized super app ecosystem.

Conclusion

Telegram Mini Apps opens up new opportunities for Web3. By providing a dynamic and interactive ecosystem, Mini Apps can drive the growth and widespread adoption of blockchain technology.

How to Buy Crypto from Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds intowallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SUN) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.