Over 1 Million Telegram Users Sign Up on NEAR Protocol’s Self-Custodial Wallet in 10 Days
Within just 10 days, over 1 million Telegram users have created wallets using HERE, the self-custodial wallet designed for the NEAR Protocol. In the first 48 hours of its launch, users had already created 300,000 wallets. This surge in adoption has made HERE the fastest-growing Web3 app to date. The HERE wallet simplifies blockchain-enabled wallet setup by using Telegram usernames as NEAR wallet addresses.
Superapps Find Momentum
The integration of self-custodial wallets within popular social media platforms like Telegram is part of the growing trend of Superapps and Everything Apps. Telegram is positioning itself as a leader by offering its vast user base seamless integration of crypto wallets. This merging of traditional messaging apps with blockchain technology makes it easier than ever for users to engage with decentralized finance and digital assets. Elon Musk also plans to transform his social media platform X into an “everything app,” incorporating features related to payments, banking, and more.
Kraken Seeks Info From UK Users Regarding Self-Custodial Wallet
Kraken, a crypto exchange, has requested its UK users to verify their self-custodial wallets or validate their wallet identities due to regulations in the UK. Users are asked to confirm ownership or control of their self-custodial wallets used for cryptocurrency transactions and provide information about external wallets and residential addresses associated with crypto addresses. This move has raised concerns about privacy and surveillance. Despite this, mainstream adoption of crypto wallets continues to grow, with a significant increase in searches for “crypto wallet” in the past year.
Conclusion
The NEAR Protocol’s self-custodial wallet on Telegram has seen remarkable success, with over 1 million users signing up in just 10 days. This demonstrates the growing interest and adoption of blockchain technology and decentralized finance. The trend of Superapps and Everything Apps, which integrate crypto wallets into widely used social media platforms, is gaining momentum. However, there are concerns about privacy and surveillance as platforms like Kraken request user information for regulatory compliance. Despite these challenges, the mainstream adoption of crypto wallets continues to rise, indicating a growing interest in cryptocurrencies.
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