Why Is Telegram So Pivotal for Web3 Gaming?
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Telegram has come a long way from its days as a simple messaging app. As its user base passes 950 million, it sets the perfect stage for full Web3 adoption. Mass adoption can only occur with a sufficiently large base of potential users, which challenged Web3 in the past. Telegram boasts an excellent TON (Telegram Open Network) incentive scheme for developers and users, easy access to mini-apps, and solid infrastructure. It even embeds social interaction elements in combination with TON.
As a platform for Web3 gaming, Telegram represents a rapid departure from legacy gaming platforms like Axie and Decentraland. These traditional platforms challenged players by requiring them to use web browsers and laptops. They had to create a Web3 wallet to access the games, which many found relatively complicated.
Telegram has become the leading social media platform for blockchain gaming, boasting dozens of games and over 100 tap-to-earn platforms. In tap-to-earn, players perform simple actions to accumulate tokens, like tapping a button or following the developers’ social media.
Games like Funtico’s Lucky Funatic are perfect for Telegram because they combine high rewards and energy with low entry barriers. Its integration with the TON blockchain extends the reach of blockchain gaming by combining casual, skill-based gaming with the unique incentives offered by Web3 ecosystems, such as exciting token releases, and supports easy access through Telegram.
The booming reality of Web3 gamingWeb3 is much more than a buzzword; it has an impressive $22 billion in project funding and over 15 million unique wallet users. Experts predict an $800 billion market cap for Web3 and that 90% of the top internet apps will be Web3-enabled by 2025. Web3 gaming accounts comprise three-quarters of dApp users.
Telegram has enabled the seamless blend of technology and gaming, primarily because it ensures straightforward and convenient gameplay, directly translating to an improved user experience. Players can look forward to prize pool rewards, events, and tournaments that unite them, leading to a sense of community and belonging.
Despite its relatively recent launch, Lucky Funatic has already become a major player in the tap-2-earn market, a robust element of Web3 gaming. The Funtico ecosystem encompasses a well-functioning token system, a growing catalog of varied genre games, experienced development partners, and an organically built community growing in parallel with the titles introduced by the gaming platform. Lucky Funatic is a hyper-casual, Telegram-based, tap-2-earn clicker game. It combines big rewards with innovative gameplay, bringing the exhilaration of skill-based cash games to the world’s fourth-most-popular messaging platform.
Underlying Telegram’s popularity: Convenience, scope, and scalabilityUsers love Telegram for its multi-device usage, limited content moderation, and the ability to send huge files within seconds. Telegram’s vast user base makes it possible to scale games without incurring high costs. Developers can build and launch mini-apps within days. It is far more cost-efficient than launching games on iOS, Android, and consoles.
Community building is a core aspect of Web3 and one that Telegram’s design supports. Players can engage in interactive experiences and join channels within a decentralized community structure. Many Web3 games rely on engaged communities where users are participants, not just players or customers. Telegram’s features, such as group chats, channels, and instant updates, foster a sense of community that aligns with Web3’s focus on engagement and peer-to-peer interaction.
The TON blockchain directly integrates Web3 elements, like NFTs and token giveaways, within Telegram games. This seamless access to digital assets and DeFi mechanics allows users to earn and interact with digital assets in the context of familiar games and environments, bridging Web2 and Web3. Telegram’s blockchain integration also makes it uniquely suited for GameFi experiences, which are gaining popularity as users look for practical applications of digital assets in their daily lives. This is reflected in the fact that TON has 33.23 million activated wallets and 9.39 million monthly active wallets.
Telegram is shaping the future of Web3 gamingTelegram’s future role in Web3 gaming depends on how well it continues to adapt to evolving user needs and technology advancements within the Web3 ecosystem.
Privacy and security concerns are growing, with total losses in the crypto and web3 space for the first two quarters of 2024 nearly equivalent to those for the entire 2023. Telegram does not have end-to-end conversation encryption by default, but users can activate “Secret Chats” manually, which is an optional end-to-end encryption feature. The feature is only available for one-on-one conversations, not for chats with two or more people in them.
By providing a secure environment for communication and transactions, Telegram helps mitigate many risks associated with Web3 gaming. Web3 audiences prioritize features like security and user control over the more centralized structures of traditional social media that compete with Telegram, like Facebook.