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TON Blockchain Incubator TOP Launches Crypto Wallet On Telegram Settings Menu

The Open Platform (TOP), the organisation incubating Web3 products hosted on The Open Network (TON), has announced the launch of the global rollout of Wallet, its cryptocurrency storage solution, on the Telegram Messenger settings menu.

While Wallet will ultimately be available worldwide, its rollout will be phased, with users in Latin America and Africa being the first to use it. Some of the countries that will access Wallet at commencement include Colombia, South Africa, and Kenya.

The journey to making Web3 user-friendly and Wallet’s role in it

The Open Platform, formerly known as First Stage Labs, has two main divisions-TOP Labs, its VC arm and Wallet, the crypto application programme integrated into the Telegram Messenger. TOP Labs is TOP’s arm responsible for incubating early-stage projects on The Open Network (TON). On the other hand, Wallet is purposely built to make it easier for the masses to onboard Web3. 

The integration of Wallet into Telegram’s main settings menu is a strategic move by TOP in the mission to promote the mass adoption of TON’s blockchain technology. The native integration of Wallet into Telegram settings menu means that tens of millions of Telegram users across the regions specified in the road map will now be able to access crypto storage with greater ease. Thus, they will be able to send and receive digital assets with the same ease they send a picture on a messaging app. 

In addition, Wallet has an NFT transfer functionality, with an integrated escrow service guaranteeing transaction security. This service will increase the accessibility of NFT transactions by allowing users to transact with non-Wallet account holders, creating a more level playing field for the buying and selling of digital money.

TOP says its latest actions on Wallet and TON Space demonstrate its commitment to simplifying the crypto experience for the masses without compromising platform security. The organisation says that these changes are merely the beginning of its plan to establish a new decentralised economic system.

The company says that this confirms its commitment to catalysing a faster growth of the Web3 ecosystem by making it as accessible to the masses as possible. Meanwhile, the strategy will also help expand the adoption of products and services built on the TON blockchain.