The beta phase of TON Space, the integrated solution in the Telegram wallet for custody and self-custody, has successfully concluded. This milestone signals a significant step towards the adoption of Web3, with 100 million users already utilizing the TON Space wallet out of the 950 million Telegram users.
The upcoming update will enable developers to create and launch dApps, stake aggregators, and offer NFT/Jetton giveaways, aiming to attract non-natives to participate in the TON ecosystem. The seamless integration of custody and self-custody options within the TON Space wallet will provide users with a fluid and intuitive interface accessible directly from the Telegram app.
In addition to TON (The Open Network), the decentralized blockchain powered by Telegram, there is TOP (The Open Platform), a venture builder supporting early-stage projects on the TON blockchain. TOP offers funding, expertise, and technological resources, simplifying access to essential tools for developers to create scalable Web3 products ready for widespread adoption.
The official launch of the self-custodial wallet TON Space by The Open Platform marks the end of the beta phase, paving the way for the gradual rollout of the self-custodial wallet. Users will now have the option to seamlessly switch between custodial and self-custodial accounts within a single interface, promoting easier navigation between TON Space and the Telegram wallet.
The introduction of a non-custodial wallet will enhance The Open Platform’s agility in developing and expanding its suite of connected products, while also broadening the TON ecosystem in new markets. Plans for integrations include a dApp catalog, DEX aggregation solutions, staking mechanisms, as well as NFT and Jetton giveaways.
With a user base of 100 million, TON Space has established a dominant position within the TON ecosystem, aiming to drive developer conversion rates and promote overall growth. The CEO of The Open Platform, Andrew Rogozov, expressed his ambition to engage 30% of Telegram users in the TON ecosystem by 2028, underscoring the significance of the self-custodial wallet launch in achieving this goal.
Toncoin (TON), the native cryptocurrency of TON, has experienced fluctuations in market capitalization, currently ranked 14th among cryptocurrencies. Despite recent volatility, Toncoin’s unique market behavior offers diversification opportunities for crypto portfolios, making it a valuable asset in the ever-evolving digital currency landscape.