Telegram has a huge advantage in the SocialFi race
Telegram has always been a crypto app in that lots of crypto users used it as a medium to communicate project developments, trading amongst each other and offering trading guides and signals.
Surely, Telegram had one major problem and that was “scammers” being heavily active on the app searching for vulnerable investors, notwithstanding, who can speak boldly that the likes of Discord and Twitter don't have scammers?
Reality is that they all have their fair share, it simply started with Telegram, got heavy on Discord during the blockchain games and NFTs hype and now, Twitter(now X) seems to be the base for large scale pulls.
That said, Telegram appears to be leading the way on crypto adoption via its platform.
Discord is an annoyingly dark place. Each time I opened that app it seemed like I slipped into a dark cave, I simply always had that energy.
Twitter on the other hand is a social space unlike Telegram and discord being “messengers” primarily and with the leadership of Elon Musk, there isn't much attention being given to crypto developments or integration on Twitter as much as we're seeing with Telegram.
Easy Onboarding, Ease Of Use
How does one get started on Telegram?
Just a phone number and from that moment on-wards, everything else within the app is like built-in buttons developed in-house that you wouldn't know when you're actually interacting with third-party apps.
Have you seen the wave of crypto apps on Telegram lately? I think they are referred to as “mini apps” but they are surely pulling numbers.
Notcoin for example has over 35 million in total players, over 6 million active daily, that's some pretty impressive numbers for a project that literally says “probably nothing” and you want to know what's more impressive?
Telegram is working just fine.
Telegram has a built-in wallet with a p2p market, this seems to be a “custodial” wallet in some sense as it is linked to your Telegram account and cannot be accessed otherwise.
That said, it is essentially the kind of development that is needed to flexibly on-board people to crypto. There are numerous no-custodial wallets to connect to Telegram, one being Ton Keeper so as users get to learn more about the space, they can on their own take steps to safeguard their wealth from central-points of attack.
I think it is quite incredible how telegram has become this hot with developments and it just kinda just happened.
No previous hyping of “what's coming”, it just came through and looks like what will be a strong contender in the future of SocialFi.
It appears at this point that a time will come when telegram will be a gateway to advanced blockchain games, DeFi services, maybe even streaming services and lots more.
I admire Du Rove, the CEO, Founder and Product Manager of Telegram, he appears very layed back with great focus to build out great services, I mean, what telegram has become is evident to that.
This is a messenger with freaking 5 million premium users, a messenger!
That's over $20 million in monthly income, over $300 million annually if over 5 million remain premium through the year.
We are witnesses some interesting times with social media platforms merging with crypto and finance. Ton at this points seems like a good bet for an investment and as a blockchain to build on.
With over 700 million users, Telegram is in great advantage to lead the SocialFi movement as it has literally the easiest onboarding process and quite the most flexible messenger.
Posted Using InLeo Alpha