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Telegram’s chat software is now a marketplace—a game changer?

Telegram’s chat software marketplace: Envision yourself chatting with pals and purchasing digital things like e-books, online courses, or in-game goodies through Telegram’s messaging software. Launched on June 6, this is a reality thanks to Telegram Stars. Telegram has been more than simply a chat service for all its time. Every month, more than 400 million users engage with bots and mini-apps. Many people use it to play games, buy stuff, and access services. The latest version adds the ability for these bots and micro apps to sell digital items, such as digital art and e-learning tools.

You can acquire Telegram Stars through PremiumBot or in-app purchases on iOS and Android. Various bots will offer digital things for sale after you get enough Stars. Telegram Stars follows Apple’s and Google’s rules to ensure all digital sales go smoothly. Eventually, developers can use Fragment to turn their Stars into Telegram’s cryptocurrency, Toncoin (TON). They can then either keep them as investments or sell them on exchanges.

Just so you know, Telegram has always allowed users to buy tangible goods using bots and small applications, and they’ve accepted payments from all across the world. The platform’s reach has grown with the inclusion of digital products. Additional features, such as prizes for content creators, will be added to Telegram Stars shortly.

What is happening and why?

Let’s begin with the financial aspect. When customers purchase Stars from their platforms, Apple and Google receive a substantial 30% commission, according to Pavel Durov, CEO of Telegram. On the other hand, Telegram offers an ingenious fix. Ads sold using Telegram Stars will receive subsidies, like. By promoting their apps within Telegram using their earned Stars, developers can offset the commission fees and reduce the overall commission to almost $0.

What is happening and why?

Telegram may offer a more cost-effective option for app launches and promotions than more conventional mobile platforms. This strategy aligns with the current popularity surge of Telegram’s micro apps. Thanks to these small apps, Telegram’s chat software marketplace has quickly become the platform of choice for app launches. “Unprecedented in the history of social media,” Durov went so far as to accuse it of being.

Let’s examine a few examples of success within the Telegram ecosystem to grasp the possible influence. The famous software Notcoin (NOT) reached 35 million users in under five months. The game allows users to earn tokens by performing social activities. Similarly, 60 million people have downloaded the crypto management simulation game Hamster Kombat since it came out in March. Notcoin is now one of the top ten coins by market cap and the essential gaming token introduced in 2024, having recently climbed beyond a $2 billion market cap.

Also Read: Solana-Based Sphere Labs Adds Telegram Banking

Ali Raza

Ali Raza is an experienced freelance content writer. His focus is primarily on aster-crypto and btccoinzone. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Ali Raza is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Ali Raza enjoys traveling, reading, and playing cricket when not writing. He now works as a news and article writer for Astercrypto.

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