Telegram has started the year with a major update, cementing its position as a frontrunner in integrating cryptocurrency features within social platforms. The messaging giant has introduced NFT gifting capabilities and third-party verification to enhance user trust and engagement, signaling a significant step forward in its crypto ecosystem integration.
Revolutionizing Verification on Telegram
Traditionally, Telegram’s verification process has been reserved for public figures and organizations to authenticate their profiles. This latest update broadens the scope, allowing third-party entities—such as educational institutions and regulatory bodies—to verify user accounts. This initiative is aimed at reducing misinformation and scams while fostering trust across the platform.
In a blog post, Telegram stated, “This decentralized platform for additional verification will help prevent scams and reduce misinformation — setting a new safety standard for social platforms.” Verified accounts will now feature a distinct logo beside their usernames, replacing the familiar blue checkmark to ensure clearer identification.
Entities seeking verification must undergo a rigorous application process and use Telegram’s Bot API for managing verification statuses. Verified profiles will prominently display the logo of the verifying organization, further enhancing credibility.
NFT Gifting: A New Era of Personalized Crypto Engagement
Taking a bold step in blending cryptocurrency with social interaction, Telegram has unveiled the ability for users to convert gifts into Non-Fungible Tokens (NFTs). Here’s how it works:
- Users can purchase Telegram Stars either directly in-app or via the Fragment platform by linking their Toncoin (TON) wallets.
- These Stars can be used to create personalized gifts with custom backgrounds and icons.
- Users can then upgrade these gifts into NFTs by paying a blockchain transaction fee, making them tradable across platforms.
“Users will be able to trade these NFTs on different platforms,” Telegram announced, highlighting the interoperability of this feature. This new initiative not only adds a collectible dimension to digital gifting but also reinforces Telegram’s commitment to incorporating seamless crypto functionalities.
Additional Features for an Enhanced User Experience
Beyond crypto integration, the latest update includes several quality-of-life improvements:
- Emoji Reactions: Users can now react to service messages, such as group welcomes, with emojis.
- Advanced Search Filters: Tailored search options for private chats, group discussions, and channels improve navigation and user convenience.
Telegram’s Crypto Momentum
Telegram has consistently leveraged cryptocurrency to enhance platform functionalities, from creator monetization to payments for games and mini-apps. This update solidifies Telegram’s role as a key player in the crypto landscape.
The introduction of NFT gifting and third-party verification aligns with the platform’s broader strategy to blend crypto technology with social interaction. Telegram’s native cryptocurrency, Toncoin (TON), reflects the platform’s growing influence, seeing a 5% increase in value over the past 24 hours, with a market capitalization of $14.3 billion.
A Glimpse into the Future
With these innovative features, Telegram not only enhances its user experience but also sets new benchmarks for integrating crypto within social platforms. Whether it’s fostering trust through verified profiles or revolutionizing gifting with NFTs, Telegram is proving that the future of social media lies at the intersection of technology and blockchain.