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Telegram Announces Plans for Mini App Store to Boost Crypto Scene

Telegram is rolling out an app store this month.
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Jul 19, 20241 min read

Telegram announced plans to introduce a store for Telegram Mini Apps and a web3 in-app browser later this month.  

What's the scoop?

  • Telegram founder and CEO Pavel Durov revealed the plans in his personal Telegram channel, which boasts nearly 4 million subscribers. 
  • Telegram Mini Apps allow projects to deploy crypto projects directly within Telegram. These web-based apps are accessible across Android, iOS, PC, Mac, and Linux without additional installations.
  • The announcement comes as Telegram has recently become a hub for tap-to-earn crypto games like Hamster Kombat and Yescoin, which use the TON blockchain to enable users to earn crypto.
  • In his comments, Durov also noted that Telegram plans to combat crypto scams by displaying the registration month and principal country for public accounts, like Instagram, and allowing organizations to issue labels for channels.

Bankless take:

With almost 1 billion users around the globe, Telegram has a major footprint in the mainstream, so this app store initiative is a prime opportunity to introduce crypto projects to many new people. If Telegram can leverage its extensive user base in combination with its TON blockchain, there’s no question it can become a key player in the decentralized apps scene. 

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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