Telegram's tap-to-earn games are driving a major shift in the cryptocurrency landscape, attracting a large number of new users who are experiencing digital currencies for the first time. According to Blum CEO Gleb Kostarev, half of these players are newcomers to the crypto world, emphasizing a crucial moment for broader adoption. As these users engage with the platform, the importance of education and protection against scams becomes increasingly vital to ensuring their successful integration into the crypto community.

• Telegram's tap-to-earn games bring a wave of new users to the crypto space, with 50% being first-time Web3 participants.
• Blum's CEO emphasizes the crucial role of education in preventing crypto scams among new users.
• Telegram's unique position allows it to bypass Big Tech's restrictive policies, opening doors to DeFi platforms on mobile.
• The surge in Web3 gaming on Telegram signals a pivotal moment in the adoption of decentralized technologies.

Telegram has become a key player in the mass adoption of Web3 technologies, leveraging its platform to introduce millions to the world of blockchain and decentralized finance (DeFi). Gleb Kostarev, CEO of Blum and a former Binance executive, revealed during Korea Blockchain Week that his tap-to-earn game on Telegram has attracted 50 million registered users, half of whom are entirely new to crypto. This surge in participation highlights the growing interest in Web3 games and the potential for further web3 development.

The simplicity and accessibility of tap-to-earn games like Tapswap, Catizen, and Hamster Kombat, all built on the Telegram-linked blockchain, The Open Network (TON), have made it easier for users to engage with crypto without the steep learning curve traditionally associated with the industry. However, Kostarev stresses the importance of education to ensure that these new users are well-informed and protected from potential scams.

Telegram's unique approach also addresses one of the biggest challenges facing DeFi platforms: mobile accessibility. As Kostarev noted, Apple and Google's restrictive policies have limited the availability of DeFi apps on their platforms. Telegram, however, offers a way around these limitations, potentially unlocking new opportunities for blockchain development companies and DeFi projects.

The rise of Web3 apps could be a turning point for the broader adoption of decentralized technologies. As more users engage with these platforms, the role of blockchain development companies in shaping the future of cryptocurrency becomes increasingly evident. The development of robust and seamless payment systems is also crucial for enabling smooth transactions and enhancing user experiences in Web3 gaming and Web3 apps.

Expert Opinion and Quotes

Gleb Kostarev, CEO of Blum: "We've been waiting for mass adoption for a long time, and finally we see it happening via Telegram. The fact that 50% of our users are completely new to crypto highlights the growing interest and accessibility of Web3 technologies. However, education is key—introducing users to the crypto world isn't enough; we need to ensure they aren't misled or scammed." - Source

Sebastien Borget, Co-founder and COO of The Sandbox: "Web3 gaming is more than just a trend; it's a revolution in how players interact with digital worlds. We're witnessing a shift where players not only play but also own, create, and monetize their in-game assets." - Source

Andrew Hayward, Senior Analyst at Decrypt: "The surge in Telegram's tap-to-earn gaming activity is more than just a trend—it's a gateway for newcomers to engage with cryptocurrency. The simplicity of these games, combined with their mobile-first design, is breaking down barriers that have long hindered wider Web3 adoption." - Source

FAQs

What is Web3 gaming?
Web3 gaming refers to a new paradigm in gaming where players can own, create, and monetize their in-game assets using blockchain technology. Unlike traditional games, Web3 apps offer true ownership of digital assets, which can be traded or sold in decentralized markets.

How does a block of data on a blockchain get locked?
In blockchain development, a block of data is locked through a process called consensus, where network participants agree on the validity of the data. Once consensus is reached, the block is added to the blockchain and becomes immutable, meaning it cannot be altered.

How to make money with cryptocurrency?
Crypto investing offers various ways to make money, including buying and holding cryptocurrencies, participating in staking, or yield farming on DeFi platforms.