Telegram, a messaging app, now has 950 million active users. The company’s founder Pavel Durov said on his channel on Monday that they want to hit 1 billion users this year.
Durov said last week that the company also plans to release an app store and an in-app browser that can read web3 pages this month.
It passed 900 million users in March. When asked by the Financial Times at the time, Durov said that the company hopes to make money next year.
The speed at which Telegram is adding web3 technology to its app seems to be increasing. The company has long backed blockchain and cryptocurrency projects, but its own efforts to get into the space slowed down after its 2018 initial coin offering failed. The business began selling usernames on the TON blockchain in December 2022.
Since then, the business has been focused on helping developers make games and mini-apps that use cryptocurrency to pay for things. It started giving toncoin (a token on the TON blockchain) to channel owners this year as a way to share ad income. Telegram started letting channel owners change stars into toncoin earlier this month so that they could trade cryptocurrencies or buy ads at lower prices.
There have been scams and grifts on Telegram for a long time, though. Based on a report from Kaspersky, con artists have been actively promoting different ways to steal toncoins from users since November 2023. In a message from last week, Durov talked about this problem and said that the company is trying to stop these kinds of scams.
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“Soon, Telegram will start showing the month of registration and main country for public accounts, a lot like Instagram.” “We will also let groups use their own small apps to label channels, making a decentralized market for third-party verification,” he said in a message on his channel.
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