Fun

Telegram Mini Apps are ‘Trojan horse’ for mass blockchain adoption — TON investments director

News Feed - 2024-03-29 10:03:53

Zoltan Vardai10 hours agoTelegram Mini Apps are ‘Trojan horse’ for mass blockchain adoption — TON investments directorOnboarding the next 500 million users will require simple apps with “actual usability,” Justin Hyun told Cointelegraph.4894 Total views46 Total sharesListen to article 0:00InterviewOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe blockchain-based mini-decentralized applications (DApps) on Telegram, also known as Mini Apps, could be a “Trojan horse” for mass blockchain adoption.


That’s according to Justin Hyun, the director of investments at TON Foundation, who told Cointelegraph:“That’s our thesis for bringing in more users onto the blockchain without even needing to educate them about the blockchain. It’s a Trojan horse way to say: look, you’re letting in all these user-friendly DApps, and we won’t even necessarily call them DApps [...] It’s just Telegram Mini Apps that they’re using whether that’s inside their channels.”


Telegram Mini Apps launched in 2020 as an open platform allowing Web3 businesses to deploy crypto-friendly apps directly within the Telegram messaging app.


They were launched in partnership with The Open Network (TON) Foundation and Tencent with the intention of creating a super-app platform.


Bringing the next 500 million users on-chain will require simple initial use cases where users aren’t necessarily aware of the underlying blockchain interaction. Hyun says:“We believe mass adoption really comes in the form of simple use cases in the beginning, and then there will be drop-offs of more sophisticated users going into different types of use cases. But bringing 500 million people on-chain by 2028 — which is our goal — is going to require use cases that interact with the blockchain without the user knowing that in the front end.”


Some Telegram Mini Apps will also offer Web3-specific financial incentives for users, Hyun explained.Justin Hyun talks about the mechanics of Mini Apps. Source: YouTube


Related:Dencun is a big step towards mass adoption: Metis CEO


Telegram is the world’s third-largest messenger app by monthly downloads, according to Statista. It has over 800 million monthly active users worldwide.


Telegram announced the launch of its advertising platform on Feb. 28. The platform will use the TON blockchain for payments.


Starting this month, Telegram channel owners in over 100 countries can start receiving financial rewards for their work after the ad platform opens for all advertisers.


Channel owners will start receiving 50% of the total advertising revenue generated by Telegram from displaying ads in their channels.


TON launched a $115 million community incentive program on March 20, with $38 million for token mining and user incentives, $22 million for airdrops, $15 million for The League developer ecosystem, and $40 million for liquidity pool boosts.


Related:How high can Bitcoin go? New BTC price prediction sees cycle top at $180K# Blockchain# Cryptocurrencies# Adoption# DApps# Applications# Web3Add reaction

News Feed

OKX launches Ethereum layer-2 network for lower fees & interoperability
Gareth Jenkinson7 hours agoOKX launches Ethereum layer-2 network for lower fees & interoperabilityOKX becomes the latest cryptocurrency exchange to launch an Ethereum-based layer 2 network.1543 Total views2 Total sha
DOJ Seizes $500K in Ransom Payments, Cryptocurrency From State-Sponsored North Korean Hackers
DOJ Seizes $500K in Ransom Payments, Cryptocurrency From State-Sponsored North Korean Hackers The U.S. Department of Justice (DOJ) has seized $500K in ransom payments and cryptocur
Bitcoin trader sees 2 months to all-time high as China cuts key rates
William Suberg10 hours agoBitcoin trader sees 2 months to all-time high as China cuts key ratesBitcoin adds a Chinese rate cut to its existing bag of bullish BTC price events as bulls stare down final resistance.5511 Tot
Gareth Jenkinson14 hours agoBitcoin miners hedging with recent sell-offs: Bitfinex reportAll-time high hash rates and mining difficulty indicate that miners are bullish on Bitcoin, while recent sell-offs could be a means
Price analysis 6/10: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Rakesh Upadhyay7 hours agoPrice analysis 6/10: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADABitcoin and several altcoins are likely to be influenced by the upcoming macroeconomic events this week.1466 Total views29 T
Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians
Custodial Lightning Network Service Attack Discovered by LN "Newbie" — Hacker Strikes 6 LN Custodians On September 18, a Redditor posted to the r/bitcoin forum and explained how
Day Trader Dave Portnoy Disturbed by Bitcoin Price — Vows to Never Buy BTC Again
Day Trader Dave Portnoy Disturbed by Bitcoin Price — Vows to Never Buy BTC Again Day trader Dave Portnoy has admitted that he is an idiot when it comes to bitc
New Zealand Watchdog Issues Warning on Crypto Investments Following Bitcoin’s Latest Price Drop
New Zealand Watchdog Issues Warning on Crypto Investments Following Bitcoin"s Latest Price Drop New Zealand’s financial regulator issued a warning alert to
Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown
Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown After China has reigned for a number of consecutive years as the dominant bitc
XRP Price Holds Above $2.47, But Bulls Struggle To Gain Control
Este artículo también está disponible en español. The XRP market experienced a rather turbulent trading week resulting in a net loss of 7.22%. While the altcoin has shown
Crypto Prices Show Signs of Recovery, Market Analyst Says ‘Bitcoin Remains in a Healthy Place’
Crypto Prices Show Signs of Recovery, Market Analyst Says "Bitcoin Remains in a Healthy Place" Bitcoin and a number of other cryptocurrencies have regained some
IRS updates draft of crypto reporting form for US taxpayers
Turner Wright2 hours agoIRS updates draft of crypto reporting form for US taxpayersThe latest draft form eliminated asking US taxpayers the time of day a crypto transaction occurred and identifying the “broker type.”