- TON has introduced its self-custodial crypto wallet called TON Space in beta phase for developers.
- TON Space aims to enhance Web3 adoption by integrating the wallet into Telegram Messenger, enabling developers to build apps with blockchain integration while staying within the platform.
- TON Space offers users control over their assets, seamless linkage with Telegram-built apps, and plans to include NFT collectibles and swapping services by Q3 2023.
TON, a blockchain system founded by Telegram, announced the launch of its self-custodial crypto wallet, TON Space, on Wednesday, 9 August. Ton will also be integrated into the popular messaging app, Telegram. The product is now in beta testing and is only available to developers.
Developers who apply for the beta version of TON Space will be able to integrate the wallet into their apps ahead of everyone else.
TON Space aims to facilitate Web3 adoption by providing the entire user experience within Telegram Messenger. Developers can create apps, integrate blockchain technology, and onboard users without leaving the platform.
According to John Dunne, head of DeFi at Wallet, “The developers’ beta is a critical moment in launching the first self-custodial wallet built into a thriving Web2 platform; the introduction of TON Space will allow blockchain developers to build Web3 services that feel like the intuitive mobile app experiences users have every day. Easy-to-use and all without ever leaving Telegram, with 800 million users every month, this opens up a staggering growth opportunity for builders.”
The Primary Features of TON Space
TON Space is a self-custody wallet that will give its users complete control over their assets, allowing them to store, trade, and manage crypto within Telegram. One of the distinct advantages of TON Space is that it can be seamlessly linked to any Telegram app, all while remaining integrated within a single ecosystem.
According to the press release, TON Space is the most eagerly anticipated feature among Telegram Messenger users who want full access to the TON network.
The custodial wallet is expected to be available for consumer use by the end of the third quarter 2023. By that time, the team also intends to incorporate NFT collectibles and swapping services into the product.
Justin Hyun, Director of Growth at TON Foundation, commented,
“The launch of TON Space is a significant milestone establishing a new infrastructure layer for the TON ecosystem. The power to build decentralized applications and bots fully integrated inside of Telegram cannot be underestimated. These services, and their users, will now enjoy the infinite possibilities that come with the power to store, manage, and trade assets within Telegram.”
About The Open Network (TON)
The Open Network (TON) is a blockchain system designed for the opportunity, initially created by the messaging platform Telegram Messenger.
TON is built enterprise-ready for the onboarding of billions of users with low fees and easy-to-use apps natively built in Telegram and is designed to power millions of transactions per second near-instantly.
The TON Foundation now supports the TON blockchain’s architecture in order to run various programs such as peer-to-peer, distributed storage, service hosting technologies, and more.
