Telegram is no longer just a messenger. Thanks to its open ecosystem, it has evolved into a powerful platform for creating bots, apps, and even games. In 2023-2024, the popularity of Web3 applications in Telegram skyrocketed, giving a new boost to the cryptocurrency market. But how promising are these technologies? Is it worth investing in projects related to Telegram? In this article, we will explore the key features, risks, and potential opportunities of this trend.
What Are Games and Apps in Telegram?
Telegram provides developers with APIs and tools to create bots and mini-apps. With the emergence of TON (The Open Network), a blockchain-based Telegram platform, the ecosystem has expanded significantly.
Now, it includes:
- Web3 games β blockchain-integrated games where players can earn tokens and NFTs.
- Crypto wallets β allowing users to buy, sell, and store cryptocurrencies.
- Decentralized applications (dApps) β financial services, DeFi platforms, NFT marketplaces, and more.
Example:
The game Notcoin, which allows users to earn tokens simply by tapping the screen, has attracted millions of players, proving the potential of such projects.
How Does Telegram Integrate with Cryptocurrencies?
Telegram does not just support crypto projects but actively develops them. Key integrations include:
- The Open Network (TON) β a blockchain used for fast transactions and smart contracts.
- Telegram Crypto Wallet β a built-in service for storing TON and other tokens.
- Gamified Play-to-Earn (P2E) models β allowing users to earn cryptocurrency through Web3 games.
Interesting Fact: TON was created after Telegram had to abandon its own blockchain project due to legal battles with the SEC. However, it is now experiencing a resurgence.
Advantages of the Telegram Web3 Ecosystem
Telegram has several advantages over traditional platforms:
Factor | Telegram Web3 | Other Blockchains (Ethereum, Solana) |
---|---|---|
Accessibility | Easy connection via messenger | Requires an external wallet |
Transaction Fees | Low (based on TON) | High (especially on Ethereum) |
User Base | 800+ million users | Smaller, more niche communities |
Integration | Built-in apps and wallets | Requires third-party platforms |
Risks and Pitfalls
Despite its potential, there are significant risks:
- Regulatory Pressure β crypto-related platforms often face scrutiny from regulators.
- Fraud and Scam Projects β low entry barriers attract scammers who create fake Web3 games.
- Technical Limitations β Telegram cannot fully replace traditional blockchains.
Example:
In 2023, many new P2E games in Telegram collapsed after a short hype cycle due to flawed tokenomics.
Comparison with Other Platforms
Comparing Telegram Web3 with traditional blockchain ecosystems, we get the following picture:
Criteria | Telegram Web3 | Ethereum | Solana |
---|---|---|---|
Accessibility | Integrated into messenger | Requires Metamask | Requires separate platforms |
Transaction Fees | Low (based on TON) | High | Low |
Transaction Speed | High | Medium | Very High |
Developer Popularity | Growing | Highest | High |
Telegram wins in accessibility, but Ethereum and Solana remain leaders in developing large decentralized projects.
Is It Worth Investing in This Segment Now?
The Telegram Web3 ecosystem is actively developing, making it a good time to explore its opportunities.
Who Should Invest?
- Those who understand the risks and are ready for volatility.
- Those who want to support new projects on the TON blockchain.
- Those who can analyze tokenomics and Web3 game potential.
Who Should Wait?
β Those looking for stable assets with long-term growth.
β Those who have no experience with cryptocurrency projects.
Interesting Fact: Some analysts predict that TON could enter the top 10 cryptocurrencies in the coming years.
Conclusion
Web3 games and apps in Telegram are an exciting trend with great potential but also significant risks. The TON-based platform offers low fees, fast transactions, and a vast user base. However, there are also risks: regulatory challenges, possible scams, and technical limitations.
Should You Invest?
If you’re willing to take risks and explore new opportunities, Telegram Web3 could be a great playground for experiments. But donβt invest money you canβt afford to lose.
πAlso Read: What is the Metaverse and How is Crypto Connected to It?π