Telegram has integrated a crypto wallet for its 800 million users. The crypto waller is developed using the TON blockchain’s infrastructure.
While announcing the integration at the Token2029 conference, Ton Blockchain also airdropped TON tokens to users who scanned a code leading to the newly launched wallet in the Telegram application.
The launch comes from the team after nearly three years of silence since they revealed plans to enter the Web3 ecosystem. The TON blockchain is developed by the same team behind Telegram.
The TON team said that projects built on top of the TON blockchain will be prioritized while advertising on Telegram Ads.
The blockchain is majorly focused around enhancing Telegram, as the team also previously incorporated TON for the sale of usernames in December 2022.
The wallet is currently launched only within the Telegram settings and not as a separate application. The company said it will be rolled out globally in November, excluding the USA and a couple of other countries.
Following the announcement, TON blockchain’s native token jumped more than 11% in the past 24 hours and is currently trading at $1.94, according to data from Coinmarketcap.