Messaging app Telegram endorsed TON network as its blockchain network of choice for Web3 infrastructure, boosting the TON token price by 7%.
Popular messaging app Telegram has finally unveiled a crypto wallet nearly three years after it first revealed plans to build a Web3 ecosystem. The wallet was unveiled during the ongoing Token2049 event in Singapore.
The crypto wallet is developed on the Open Network (TON) blockchain and is now available to its 800 million users worldwide. The TON wallet integration into Telegram helped the price of TON coin soar by nearly 7% on the announcement.
TON Foundation said that the projects built on the TON blockchain will get priority access to the messaging app’s advertising platform, Telegram Ads. The wallet feature is currently available in the settings and global rollout will begin in November later this year excluding the United States and few other countries.
This is a developing story, and further information will be added as it becomes available.