Builder sets off again! Anchoring the Telegram ecosystem, is OKX Web3 making another big move?

CN
1 year ago

OKX is simplifying the process for Web2 users to enter Telegram Web3 applications through the combination of OKX Mini Wallet and OKX Connect, breaking down the barriers between the Telegram ecosystem and other public chain ecosystems, and promoting more users to enter Web3.

Since its launch, Telegram has rapidly risen due to its strong privacy protection and communication features. As of 2024, it has reached 900 million monthly active users, a 12.5% increase from last year, making it the fourth largest messaging application globally, following WhatsApp, WeChat, and Messenger. This massive user base not only solidifies Telegram's position in the Web2 communication field but also lays the foundation for its expansion into the Web3 domain.

By integrating the TON ecosystem, Telegram retains its core communication functions while introducing Web3 product experiences such as crypto payments, digital asset management, and decentralized applications (dApps). Leveraging Telegram's traffic advantages and the payment and trading capabilities provided by TON, Mini Apps within the Telegram ecosystem now cover over 20 types of applications, including staking, wallets, and centralized exchanges (CEX), offering users a richer Web3 interactive experience.

Additionally, TON has brought new profit opportunities for developers. However, most applications (especially games and social mini-programs) are still focused on meme culture and entertainment speculation, making it difficult to meet the needs of a large number of Web2 users, and the ecosystem is still in its early stages.

Regarding the Telegram ecosystem, we know the following: a large user base and a very open and flexible social ecosystem. What remains unknown is: how to make it a "cross-sea bridge" for people from the Web2 world and the Web3 realm to interact freely?

1. Overview of OKX Web3's Product Layout in the Telegram Ecosystem

In response, OKX Web3 is providing answers.

On one hand, it has launched the native Mini Wallet for Telegram, allowing users to manage assets, swap, and perform cross-chain operations within Telegram, helping users quickly navigate the TON ecosystem. On the other hand, OKX Connect has been launched as a communication protocol between wallets and applications within the Telegram ecosystem, enabling developers to seamlessly connect their dApps developed on Telegram with different public chain ecosystems, thereby creating the best on-chain experience for a broader user base.

"OKX Connect essentially acts like middleware, helping EVM and other ecosystems connect with the Telegram ecosystem; the role of the OKX Mini Wallet is to serve as the Web3 entry point for Telegram users, as we support the most comprehensive chains and dApp connections, allowing users to complete transfers, cross-chain operations, swaps, and more directly without needing to switch platforms. Overall, our value lies in helping Telegram users easily enter the native cryptocurrency ecosystem while allowing crypto-native projects to reach Telegram users, gradually attracting the 900 million Telegram users into Web3."

An OKX Web3 representative stated that the uniqueness of OKX Connect lies in its being the only bridge connecting non-TON chain dApps with Telegram users. For users, the OKX Web3 wallet first supports asset management and DeFi protocol parsing across over 100 chains and dApp connections. In Telegram, other wallets typically support only a few chains, making the OKX Mini Wallet far more convenient.

"Project teams are eager to reach real users, and Telegram is the most desired platform, not just an address. However, there are very few protocols supporting wallet connections on Telegram Mini Apps, and Ton Connect supports the TON chain, so dApps from other ecosystems want to connect but cannot due to the lack of a bridge. Therefore, from this perspective, the existence of OKX Connect is a key bridge for various project teams to establish connections with Web2 users," he continued.

Currently, many project teams have improved their development efficiency due to the emergence of OKX Connect. The non-custodial AI Telegram trading terminal Bitbot stated that OKX Connect provides smooth connectivity, one-click recharge and transfer, simplifying operational steps and enhancing user experience. Duckchain, a foundational project in the Telegram ecosystem aimed at consumers, noted that OKX Connect offers a seamless and reliable connection solution, allowing it to easily integrate multi-chain functionality within DuckChain, enhancing user experience and promoting deep interconnection with the TON ecosystem.

2. Why Support the Construction of the Telegram Ecosystem?

In addition, the OKX Mini Wallet has also integrated with OKX Connect, allowing users to deploy and interact directly within the Telegram Mini Apps on the TON, Sui, EVM, and Solana chains without switching to other apps.

To further attract users to experience the Telegram ecosystem, the OKX Web3 wallet has launched multiple activities that provide rewards while guiding users to enjoy the Telegram ecosystem.

Currently, users of the OKX Web3 wallet can receive exclusive benefits in various activities such as Giveaway, Cryptopedia, and Mantle Telegram Adventure. For instance, in the Mantle Telegram Adventure event, users can connect via OKX Connect to multiple Mantle-based mini-games deployed on Telegram, with a chance to win rewards totaling approximately $100,000 in $MNT.

Clearly, OKX is simplifying the process for Web2 users to enter Telegram Web3 applications through the combination of OKX Mini Wallet and OKX Connect, breaking down the barriers between the Telegram ecosystem and other public chain ecosystems, and promoting more users to enter Web3.

Striving for the "cross-sea bridge" mentioned at the beginning.

"After Telegram launched Mini Apps, it became the easiest channel to reach users in the Web3 field. There has never been a native social application in Web3; most on-chain users use Telegram, but their main activities on Telegram are off-chain. When Telegram supports Mini Apps and the emergence of Ton Connect and OKX Connect, it makes it easier for Telegram users to engage in on-chain interactions in their daily lives and chats with friends, such as payments, sending red envelopes, voting, and sharing on-chain dynamics," the OKX Web3 product lead admitted. The team has always insisted on innovation-driven development, leading the construction of industry infrastructure, which is their core driving force for anchoring and actively building the Telegram ecosystem.

Looking back, whether in the Bitcoin ecosystem, Ethereum ecosystem, or Solana ecosystem, OKX Web3 has actively participated in construction and achieved significant results and user recognition. As long as there is demand from users and the industry, the team has always been in action.

In addition to product-level support, OKX Ventures, The Open Platform (TOP), and Folius Ventures have jointly announced the launch of a $10 million accelerator, the Telegram Growth Hub, to provide funding and support for projects that enhance user engagement in the TON and Telegram ecosystems, promote innovation in the TON public chain, and expand the Telegram Mini Apps ecosystem. In addition to financial support, up to 10 selected projects will also receive multi-dimensional support in product infrastructure, marketing, and growth.

As the saying goes: "The best time to plant a tree was ten years ago; the second best time is now."

All signs indicate that the OKX Web3 team is consistently driving industry development through practical actions. As the slogan goes: Less talk, less drama, more building.

Risk Warning and Disclaimer

This article is for reference only. The views expressed in this article are solely those of the author and do not represent the position of OKX. This article does not intend to provide (i) investment advice or recommendations; (ii) offers or solicitations to buy, sell, or hold digital assets; (iii) financial, accounting, legal, or tax advice. We do not guarantee the accuracy, completeness, or usefulness of such information. Holding digital assets (including stablecoins and NFTs) involves high risks and may fluctuate significantly. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. Please consult your legal/tax/investment professionals regarding your specific circumstances. You are responsible for understanding and complying with applicable local laws and regulations.

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