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Crypto & Web3

Telegram Hits 950 Million Users, Plans App Store and Web3 Push

Nicole Kristine Jovero
Last updated: July 30, 2024 2:09 am
Nicole Kristine Jovero
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  • Telegram’s user base has surged to 950 million, with plans to reach 1 billion this year.
  • The company is expanding its platform with an app store.
  • Telegram faces challenges related to scams and is implementing measures to protect users.

Telegram has announced a significant user base milestone, surpassing 950 million active users. The company aims to hit the 1 billion mark this year.

To further expand its ecosystem, Telegram plans to launch an app store and an in-app browser with web3 support this month.

Web3 ambitions and challenges

Telegram has been steadily integrating web3 features, including support for cryptocurrencies and blockchain-based initiatives.

Telegram is also sharing ad revenue with channel owners in Toncoin, its native cryptocurrency.

However, the platform has faced challenges with scams targeting users and is implementing measures to address this issue.

To enhance user trust and security, Telegram will display registration dates and countries for public accounts.

Additionally, the platform will allow organizations to issue channel labels through mini-apps, creating a decentralized verification system.

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