Telegram, the popular messaging app with over 800 million monthly active users, has integrated TON Space, a self-custodial crypto wallet based on The Open Network (TON). The integration marks a significant step for both Telegram and TON, bringing the latter closer to its original vision and adding a new layer of functionality to the messaging platform. TON Space will be accessible to all Telegram users globally, except in the U.S. and some other countries, starting in November.
The integration comes after Telegram had to abandon its TON project in 2020 due to a lawsuit from the U.S. Securities and Exchange Commission. Since then, TON has operated as an open-source community project. The TON Space wallet now serves as a new infrastructure layer for the TON ecosystem, and its integration into Telegram could potentially revitalize the project.
User empowerment and digital ownership
John Hyman, Telegram’s Chief Investment Officer, stated that the integration aligns with Telegram’s mission to enable freedom of speech in the digital age. According to Hyman, TON Space provides users with the technology to conveniently own their identities and assets. This move puts digital ownership rights in the hands of Telegram’s extensive user base and offers TON projects the tools to reach a broad audience.
The integration of TON Space into Telegram is not just a technical upgrade; it’s a strategic move that could positively influence the crypto industry.
Telegram will also give TON projects and partners priority access to its global advertising platform, Telegram Ads. This could catalyze broader adoption of TON and its ecosystem.
Moreover, the integration comes at a time when the crypto industry is increasingly focusing on Web3 technologies. By integrating a Web3 wallet, Telegram is positioning itself at the intersection of messaging and blockchain, potentially attracting a new wave of users interested in decentralized technologies.