Messaging app Telegram has endorsed the TON network as its blockchain of choice for Web3 infrastructure, and will integrate it into the app’s user interface. Toncoin (TON), the blockchain’s native token, surged after the news, adding 6.5% in 30 minutes.
The TON-built Web3 wallet that’s already available as a standalone bot in Telegram and has 3 million registered users is being integrated into the app and will be available to all 800 million users through their settings. A self-custodial version named TON Space is being rolled out to all Telegram users outside the U.S. The rollout should be completed by November, TON Foundation said in an email.