The Inco project allows developers to securely create intranet products in Telegram mini-applications.
According to the Inco team, developers of a universal privacy layer for Ethereum and other networks, the project collaborated with Privy for these purposes.
A few weeks ago, Telegram founder Pavel Durov announced major plans to tokenize features, distribute advertising revenue to users, and introduce the Tether stablecoin to The Open Network (TON) blockchain.
Inco’s universal privacy allows developers to create quarantine-free apps and mini-games with hidden information that is still fully verifiable, including prediction markets, card games and gambling games that work with crypto wallets. Previously, Telegram’s mini-apps ran centrally, making them vulnerable to hacking and fraud.
“Telegram reached 900 million users, while Base closed only 2 million users in 2023. By enabling the creation of decentralized apps with on-chain confidentiality directly within Telegram, we enable developers to reach millions of new users and fuel the growth of the web3. industry.”
Remi Gai, CEO of Inco
Moreover, creating decentralized applications in the form of Telegram mini-applications allows developers to create a consumer-friendly experience and tap into the largest pool of retail users.
In late 2022, Durov reported that Telegram may have several decentralized tools for trading and storing cryptocurrency. Since then, the messenger has added many cryptocurrency options, including the native messenger wallet.
One of the project’s latest initiatives was a campaign by Wallet in Telegram and the TON Foundation. The TON Foundation plans to give away $30 million as part of a USDT stake promotion with a 50% stake.
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