Telegram has announced significant changes in crypto wallet management with a new partnership with the TON Foundation.
New Rules for Crypto Wallets on Telegram
Under the new partnership with the TON Foundation, Telegram now requires all third-party crypto wallets to use TON Connect as their sole connection protocol. This protocol enables secure interaction between wallets and decentralized applications (dApp) built on TON.
Transition to TON Ecosystem
The partnership establishes TON as the official blockchain platform for Telegram services, compelling Mini Apps currently using other blockchains to transition to TON by February 21. This entails migrating smart contracts, bridging existing assets, and exclusively adopting TON Connect.
Crypto Community Reactions
The decision has sparked heated debates within the crypto community, with developers and users voicing concerns over centralization and interoperability.
Telegram's partnership with the TON Foundation marks a significant shift in the messenger's ecosystem, raising questions about the future of blockchain technologies within its framework.
