The surge in interest in crypto gaming has propelled Telegram to remarkable growth, now boasting 950 million monthly active users.
Growth of Telegram’s User Base
Pavel Durov, the founder and CEO of Telegram, announced on Monday that the platform has reached 950 million monthly active users. He noted that this figure was 900 million in the spring, indicating rapid progress toward the 1 billion mark. This expansion has been greatly driven by the emergence of crypto gaming on Telegram and The Open Network (TON).
Rapid Expansion of Crypto Games
The latest gaming trend was initiated by Notcoin, a straightforward tap-to-earn game that enabled players to amass significant amounts of in-game coins, which they could then convert into cryptocurrency. In May, players of Notcoin could exchange their earnings for NOT tokens on the TON network. This launch became the most significant gaming token event of the year, resulting in TON achieving a market capitalization of $17 billion, making it the 10th largest cryptocurrency.
Following Notcoin, Hamster Kombat surged in popularity, becoming a global sensation with a similar tap-to-earn format, featuring adorable hamsters and various reward options. The game accumulated 100 million users in June. Its popularity became so pronounced that the Iranian government issued a warning, concerned that the game’s allure would detract from the presidential election.
Earlier this month, Durov revealed that Hamster Kombat had drawn in 239 million users, labeling it the fastest-growing digital service in the world. Since then, Hamster Kombat has surpassed 250 million users.
TON and Future Prospects
Despite handing over the development of TON to the community in 2020, Telegram has since reintegrated the network in various ways, including sharing advertising revenue with owners of Telegram channels.
Conclusion
Thanks to the popularity of crypto games, Telegram has experienced substantial growth in its user base and is poised to remain a leader in the realms of cryptocurrency and gaming.
The rise in interest in crypto-gaming has led to explosive growth for Telegram, which now has 950 million monthly active users.
Telegram’s User Base Growth
Telegram founder and CEO Pavel Durov announced that the platform has reached 950 million monthly active users. This figure marks a significant jump from 900 million users reported in the spring of 2023, indicating rapid growth as Telegram approaches the milestone of 1 billion users. This surge can be attributed to the increasing popularity of crypto-gaming on Telegram and the potential of The Open Network (TON).
Explosive Growth of Crypto Games
The latest gaming phenomenon began with Notcoin, a tap-to-earn game that captivated players by allowing them to collect large quantities of in-game coins which could then be converted into cryptocurrency. By May 2023, Notcoin players were able to convert their earnings into NOT tokens on the TON network. Thus, the Notcoin launch became the largest gaming token launch of the year, catapulting TON’s market capitalization to an impressive $17 billion, positioning it as the 10th largest cryptocurrency.
Following Notcoin, another game, Hamster Kombat, skyrocketed in popularity. Featuring a similar tap-to-earn mechanism, this game introduced adorable hamster avatars and a variety of reward options. By June, Hamster Kombat amassed over 100 million users, causing enough concern for the Iranian government to issue warnings, fearing that the game’s popularity would distract from the presidential election.
Earlier this month, Durov updated the user count for Hamster Kombat, stating that it had attracted an astonishing 239 million users, declaring it the fastest-growing digital service globally. Recent reports indicate that the game has now exceeded 250 million users.
The Impact of The Open Network (TON)
Although Telegram handed over the development of TON to the community in 2020, it has since re-integrated the network through various collaborations, including sharing advertising revenue with channel owners. TON, a blockchain project, aims to facilitate faster and more secure transactions, supporting the burgeoning crypto-gaming sector.
Benefits of Crypto Gaming on Telegram
- Increased User Engagement: The interactive nature of crypto games keeps users active and engaged on the platform.
- Monetization Opportunities: Game developers and Telegram channel owners can monetize their content through crypto transactions.
- Community Building: Crypto-gaming fosters communities around shared interests, making Telegram an attractive option for gamers.
Practical Tips for Engaging with Crypto Games on Telegram
Installing Telegram for Gaming
To start gaming on Telegram, follow these steps:
- Download the Telegram app on your device (available for iOS, Android, and desktop).
- Create an account or log in.
- Search for crypto game channels or groups.
- Join communities to stay updated on game launches and events.
Engaging with Other Players
Joining groups dedicated to specific games allows players to:
- Exchange tips and strategies.
- Participate in contests and rewards.
- Stay informed about game updates and new functionalities.
User Case Study: Notcoin’s Successful Launch
| Aspect | Details |
|---|---|
| Launch Date | April 2023 |
| Active Users Within First Month | 25 million |
| Total Tokens Minted | 2 billion NOT tokens |
| Conversion Rate to Cryptocurrency | 1 NOT = 0.05 USD |
Challenges Faced by Crypto-Games on Telegram
Despite their success, crypto games on Telegram face several challenges:
- Regulatory Scrutiny: With growing popularity comes increased scrutiny from regulatory bodies.
- Market Volatility: The cryptocurrency market’s inherent volatility can impact in-game economies.
- User Security: Protecting users from scams and ensuring secure transactions is paramount.
The Future of Telegram and Crypto Gaming
With Telegram’s user base expanding rapidly, the synergy between the messaging platform and the crypto-gaming industry is likely to encourage further innovations. As more games integrate cryptocurrency features, Telegram is set to remain a major player in this evolving digital landscape.
