As an experienced analyst, I believe that the Inco project represents a significant step forward for both Telegram and the decentralized applications (dApps) industry as a whole. With Telegram’s massive user base of over 900 million people and growing, enabling the creation of decentralized apps with on-chain confidentiality directly within the messaging platform is a game-changer.
With the Inco project, developers can easily build intranet solutions as secure mini-applications within Telegram.
As a crypto investor interested in privacy solutions on Ethereum and other networks, I’ve learned about the collaboration between Inco, the development team behind the universal privacy layer, and Privy. Together, they aim to enhance the privacy features of their respective projects.
Approximately a few weeks ago, Pavel Durov, the founder of Telegram, unveiled significant plans for The Open Network (TON) blockchain. He intends to tokenize functions, allow users to share advertising revenues, and integrate Tether’s stablecoin into the system.
As a privacy analyst, I’d say that Inco’s universal privacy feature empowers developers to build apps and mini-games with concealed information, which remains verifiable. This encompasses prediction markets, card games, and guessing games that can be integrated with crypto wallets. Previously, Telegram mini-apps functioned centrally, increasing their susceptibility to hacking and fraudulent activities.
In the year 2023, Telegram amassed a user base of 900 million, in contrast to Base which only attracted 2 million users. By facilitating the development of decentralized applications with built-in on-chain confidentiality right within Telegram, we provide developers with an opportunity to tap into a vast pool of new users and fuel the expansion of the Web3 industry.
Remi Gai, Inco CEO
As a crypto investor, I find it intriguing how developers can build decentralized applications (dApps) as Telegram mini-applications. This approach offers several benefits: firstly, it enables the creation of user-friendly experiences that cater to a large base of retail users. By tapping into Telegram’s extensive user community, developers can effectively reach a broader audience and make their dApps more accessible.
By the close of 2022, Durov disclosed that Telegram could potentially offer various decentralized solutions for both exchanging and safeguarding cryptocurrencies. Following this announcement, the messaging platform has introduced numerous features related to digital currencies, among which is the built-in Telegram wallet.
One of the recent endeavors for the project involved a campaign spearheaded by Wallet in Telegram, in collaboration with the TON Foundation. The foundation is set to distribute a total of $30 million as rewards for participating in their USDT staking promotion, offering an attractive annual percentage yield of 50%.
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2024-05-09 16:10