• Telegram will debut a mini app store with an in-app Web3 browser.

  • Telegram aims to be the “epicenter” of societal transformation.

  • The application will also ramp up its efforts to fight scammers in the crypto space.

Popular messaging app Telegram is expanding its reach into the crypto space with a new mini app store and an in-app browser designed to support Web3 pages.

CEO Pavel Durov announced the upcoming features, positioning Telegram as a central hub for the growing blockchain community.

Durov in his official Telegram channel, which boasts over 4 million subscribers, added that 2024 will be the year in history when “hundreds of millions of people become familiar with blockchain” with Telegram being the “epicenter” of this “societal transformation.”

“To keep the fire going, this month, we will introduce a mini app store and an in-app browser with support for Web3-pages.”

Telegram also plans to ramp up its efforts to fight scammers in the digital asset space who trap investors using phishing links and hacking attempts on social media platforms. The social messaging platform will also soon display the month of registration and principal country for public accounts, improving transparency in a manner similar to Instagram.

The Telegram chief also confirmed that soon, organizations will have the ability to issue labels for channels, creating a decentralized marketplace for third-party verification. Using transparency and decentralization, Telegram aims to inform users about the dangers and the opportunities present in the digital asset sector, stated Durov.

The popularity of Telegram among crypto enthusiasts surged after the debut of viral Telegram games Notcoin and Hamster Kombat. Both tap-to-earn games now have millions of users and have witnessed record-breaking growth in the past few months.

On the other hand, Toncoin (TON), the native token of Telegram-backed The Open Network, has seen explosive growth in the past year after the social networking application’s full-blown entry into the blockchain sector.

At the time of publication, TON is trading at $7.34, up 437.08% since July 2023, and has entered the list of top 10 digital assets, achieving a market cap of $18.46 billion.

The post Telegram’s Crypto Ambitions: Inside the New Mini App Store and Web3 Browser appeared first on Coin Edition.