Inco, a project focused on creating a universal privacy layer for Ethereum and other networks, has announced a partnership with Privy to empower developers to build intranet products within Telegram mini-applications securely.
Telegram founder Pavel Durov recently unveiled significant plans to tokenize functions, share advertising revenues with users, and integrate the Tether stablecoin into The Open Network (TON) blockchain.
Inco’s universal privacy solution will enable developers to design quarantine-free apps and mini-games with concealed yet fully verifiable information. These applications could include prediction markets, card games, and guessing games integrated with crypto wallets. Previously, Telegram mini-apps operated centrally, leaving them susceptible to hacking and fraudulent activities.
By creating decentralized applications in the form of Telegram mini-applications, developers can offer a user-friendly experience and tap into the vast pool of retail users.
Towards the end of 2022, Durov hinted at Telegram’s potential for hosting various decentralized tools for cryptocurrency trading and storage. Since then, the messaging platform has introduced numerous cryptocurrency-related features, including its native messenger wallet.
One of the project’s recent initiatives involved a collaboration between Wallet in Telegram and the TON Foundation. As part of a USDT staking promotion, the TON Foundation aims to distribute $30 million with a 50% interest rate.
Summary Review: Inco’s partnership with Privy marks a significant step forward in enabling developers to create secure Telegram mini-applications. With the potential for decentralized tools within Telegram and the integration of cryptocurrency features, such as the Tether stablecoin, the platform is poised to offer a wide range of innovative solutions. As Telegram continues to evolve and expand its offerings, the possibilities for developers and users alike are becoming increasingly exciting.
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