Telegram is Becoming a Major Gateway for Mass Adoption in the Web3 Space, and the Next Industry-Level Opportunity, akin to MetaMask, is Emerging
SINGAPORE, August 30, 2024 (Newswire.com)
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UXUY, incubated and invested by Binance Labs, is a next-gen decentralized multi-chain trading platform. It has released apps and bot products for iOS, Android, and the Telegram ecosystem. On Aug. 23, 2024, UXUY officially launched the world’s first Self-Custody Multi-Chain Wallet built on Telegram — @UXUYbot. This innovative wallet enables seamless, permissionless connections to the cryptocurrency ecosystem for any bot, with support for EVM, Solana, TRON, TON, and additional blockchain networks planned for future integration.
UXUY aims not only to serve as the MetaMask equivalent for Telegram but to establish itself as the leading Web3 infrastructure on the platform.
Expanding on Telegram
Telegram, a global social platform with 900 million active users, is poised for significant growth in cryptocurrency adoption. Although the current proportion of crypto users on Telegram remains modest, the ongoing development of critical infrastructure is expected to drive widespread adoption. Telegram’s commitment to anti-censorship and free speech aligns closely with the decentralized principles of blockchain technology.
Given these factors, Telegram has become an increasingly attractive environment for Web3 entrepreneurs. Last month, @UXUYbot was introduced as a Lightning Network wallet, quickly amassing over one million users. With its recent upgrade to a Self-Custody Multi-Chain Wallet, UXUY is positioned for expansive growth.
Aiming to be the MetaMask of Telegram
The UXUY Multi-Chain Self-Custody Wallet is designed to become the foundational infrastructure within the Telegram ecosystem, supporting the onboarding of the next billion users.
UXUY is actively seeking collaboration with cryptocurrency developers and project teams through UXUY Connect. This initiative will facilitate the integration of Telegram-native applications, games, bots, and multi-chain ecosystems, establishing @UXUYbot as the default gateway to tApps (Telegram Apps). This development will make it easier for non-Web3 users to engage with DeFi, blockchain gaming, and other elements of the crypto ecosystem.
Kevin Como, founder of UXUY, stated, “I am confident that the last DeFi summer took place on Chrome + MetaMask; this time, it will occur on Telegram + UXUY.”
For more information about UXUY, visit https://uxuy.com/.
Source: UXUY
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