TON and Telegram plan to attract 500 million users to Web3 by 2028.
Bybit, the second-largest cryptocurrency exchange by trading volume, has published a report highlighting The Open Network's progress in collaborating with Telegram.
According to a press release obtained by crypto.news, the partnership between TON and Toncoin
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ToncoinTelegram plans to attract up to 500 million users to Web3 by 2028. Leveraging Telegram's nearly one billion users, TON aims to integrate decentralized applications into the messaging platform.
The report suggests that TON's partnership with Telegram could replicate the success of WeChat's mini programs in China, potentially positioning TON as a leading platform for Web3 adoption.
Notable achievements highlighted in the report include 280,000 daily active users on TON and 800,000 daily transactions. Toncoin, the network’s cryptocurrency, has grown more than 200% this year, making TON the fifth most valuable Layer-1 network with a market cap of $17.5 billion.
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TON Strategy with Web3
Crucial to this success and TON’s strategy is the integration of the TON Space wallet and Telegram mini-apps, particularly casual games that offer crypto rewards. This approach has led to the creation of more than six million accounts since November 2023.
Telegram mini-apps live within the Telegram app and consist of tap-to-earn games like Notcoin and Hamster Kombat that offer crypto-based games and rewards. There are also fast-growing DeFi mini-apps for trading and staking.
By bringing Web3 capabilities to a popular application, TON is attempting to seize a unique opportunity for mass adoption of digital assets and decentralized finance.
