1. SafePal Is Latest Web3 Wallet Entrant on Telegram Mini App
SafePal, a cryptocurrency wallet provider offering both hot and cold wallets, has launched a new Telegram Wallet Mini App, integrating Telegram with blockchain. Telegram's base of 950 million users can create individually owned and compliant crypto-friendly bank accounts. The app will enable users to establish bank accounts compliant with the Swiss Financial Market Supervisory Authority (FINMA).
Users can also transact and manage crypto and fiat currencies using a digital Visa card.
The app will facilitate the onboarding process through Know Your Customer (KYC) checks, managed by Swiss fintech outfit Fiat24. This partnership ensures that user registration data and cash accounts are kept separate.
SafePal plans to introduce a swap function for enhanced interoperability across more than 100 blockchains. A digital Mastercard is expected in the last quarter of 2024.
SafePal’s new app is the latest in a string of companies that are embracing the Telegram Mini App ecosystem.
2. Launchpool, Telegram Wallet Integration to Cat-alyse the CATIZEN Ecosystem
In a recent keynote, Tim Wong, Chairman of the CATIZEN Foundation, unveiled developments for the CATIZEN ecosystem and its CATI token. Their first Launchpool project, ZIRCUIT (ZRC), has already attracted over 23 million CATI tokens in staking, with a prize pool worth $1.5 million.
ZRC, an AI zero-knowledge Layer 2 solution, boasts EVM compatibility and has garnered support from big names like Binance Labs, Pantera, and Dragonfly Capital.
But that's not all; CATIZEN plans to roll out one to two new Launchpool projects monthly. And in a move to bring Web3 gaming to the masses, CATI Launchpool will soon be integrated into Telegram's built-in non-custodial wallet.
Through a Mini App Rebate program, CATI token holders enjoy a 30% discount on asset purchases in the CATIZEN Mini App Center. Successfully inviting friends earns them a 10% commission.
These new initiatives in CATIZEN's roadmap are set to empower players to earn and build wealth, by way of staking, rewards, and a sharing economy where Web3 players share and monetise in-game assets.
3. Standstill on Tomarket's TOMA Airdrop
It seems that the tomatoes are not ripe for picking just yet.
Tomarket, one of the top Telegram Mini App games, has recently been in the spotlight due to its anticipated token launch and airdrop for Telegram and Web3 users. However, after the game revealed airdrop allocations on 1 November 2024, players were still not able to withdraw or trade the TOMA token, suggesting that Tomarket has entered another farming phase instead of fully launching the token.
Adding to the confusion, the Web3 game developers have yet to disclose the total token supply, only stating that 80% of that unknown supply will be allocated to the airdrop.
Tomarket players have expressed concerns about the expected value of their airdrops based on pre-market trading prices. For now, players can only stake their TOMA tokens via FarmingPool, a newly launched avenue for players to earn additional yield.
Some players have also claimed that they were wrongly deemed ineligible for the airdrop due to alleged cheating. This echoes similar episodes from other Telegram games like X Empire, whereby players took to X to complain to Elon Musk.
4. Bybit Gets Into the Telegram Mini App Space With 'Fly-to-Earn' Game
Bybit Web3 has just launched SpaceS, a fly-to-earn game on Telegram. Players navigate a meme-filled cosmic world, dodging 'asteroids' like Ghost Doges and Vampire Pikachus.
SpaceS combines the simplicity of retro mobile games with Web3 technology. The game also indulges players in multiplayer entertainment, as users get to invite friends to form fleets and conquer the meme-laden cosmic madness together.
Emily Bao, Head of Spot and Web3 at Bybit, described SpaceS as a celebration of meme culture and a gateway to the next phase of Web3 interaction.
*Disclaimer: The information provided on this blog does not constitute investment advice, financial advice, trading advice, or any other form of professional advice. aelf makes no guarantees or warranties about the accuracy, completeness, or timeliness of the information on this blog. You should not make any investment decisions based solely on the information provided on this blog. You should always consult with a qualified financial or legal advisor before making any investment decisions.
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