Telegram’s Tap-to-Earn Game Revolution
The rise in ‘play to earn’ games like the tap-to-earn game on Telegram is emblematic of a global inflection point for cryptocurrency, one that could finally make good on long-held promises about mass adoption. Enter Gleb Kostarev, the founder and CEO of Blum – a brand new Telegram Mini App game and exchange that finds itself on this pioneering side.
Kostarev, the former vice president and regional head of Binance stated that over 50% from their Blum’s (registered user) total with more than 50 million users are completely first-timer in cryptocurrency space. And introducing these users to crypto through simple and fun activities like taping a token directly onto the in-game phone!
These users are included in a subtle way within this greater crypto ecosystem because the games run on The Open Network (TON) that is Telegram’s own blockchain, and as such combined could have high significance when it comes to mainstream digital money adoption.
Introducing Telegram’s Tap-to-Earn Game Revolution For Crypto Noobs – a groundbreaking innovation discussed by Blum’s CEO. This revolutionary game aims to provide an interactive and user-friendly platform for beginners in the cryptocurrency world. With a friendly and intuitive interface, it enables users to earn cryptocurrencies through simple tapping actions. Embrace the future of crypto and join the game revolution today!
Educating New Entrants to the Crypto Learning Curve
The introduction of Telegram’s tap-to-earn games and subsequent adoption stories are positive signs for the ongoing participation in cryptocurrency, however this same widespread use also presents new challenges.
Kostarev stresses the importance of educating these fresh faces in DevoLab, most who are new to Web3 technology. Blum, who said that according to his internal data and community surveys half of users had never used cryptocurrency or blockchain before. While most demographic not showing knowledge of profitably and securely surviving the crypto ecosystem, this represented a significant area for growth.
According to Kostarev, it is not sufficient only in the user mass one must necessarily create a ‘landing place’, give people are those main tools and understanding that will allow them include this novelty into their life and environment without falling as victims of fraudulent activities or scams.
How Telegram Can Overcome DeFi Fence?
Apart from driving crypto-use cases through games, the platform is also seen to have major potential in bringing decentralized finance apps (DeFi) home.
According to Kostarev, mobile device represent as much as 80 percent of the users who use non-decentralized cryptocurrency exchanges.
Unfortunately, the mobile landscape is dominated by Apple and Google which creates a major hurdle for DeFi adoption. Both have expensive Heatmaps that are being put in place on the app store When you go buy other apps with cryptocurrencies and NFT items.
One example is Apple, which demands that apps must be made to go through their in-app payments system —a no-go for executing any crypto transactions and the company also demands a 30% processing fee.
This has ransacked away innovation, and access inside the DeFi community. With an already vast presence on millions of independent devices, Telegram has the organic channel to circumvent these restrictions and provide a cleaner more accessible way for users to interact with DeFi applications right from their mobile phones.
Telegram’s Uncertain Future with Regulatory Hurdles
As much as Telegram has the potential to change the game and speed up crypto/DeFi adoption, it faces its own set of challenges.
Telegram founder Pavel Durov was arrested in France recently for helping to enable the criminal activity crusade on Telegram. Such legal scrutiny complicates the efforts of Telegram to integrate decentralized technologies into its platform.
Despite these regulatory challenges, Kostarev is still hopeful for the future. He thinks that Telegram’s strong position in both mobile and crypto puts it in a good place to weather this storm, while continuing the march of decentralized technologies toward mass adoption. But as it evolves, the platform has to remain a delicate balance of regulatory requirements on one side and innovation in order for that continued growth without ever disrupting global legal frameworks. The months ahead will be crucial if Telegram still wants to live up its potential as a leading crypto and DeFi play in the context of spiraling regulatory pressures.
