Bitget Crypto Wallet and Foresight Ventures Commit $20M to Telegram Mini Apps Development
Telegram’s Mini Apps initiative has received a significant financial boost as Bitget Wallet and Foresight Ventures pledge $20 million (approximately Rs. 168 crore) to support its expansion. This funding aims to accelerate the integration of Web3 technologies within the popular messaging platform. According to reports from CoinTelegraph, as of July 2024, 500 million of Telegram’s 950 million global users actively engage with Mini Apps every month, highlighting the feature’s growing appeal and potential for further growth.
The investment will be used to enhance Telegram’s Mini Apps ecosystem, particularly in areas like Web3 gaming and in-app entertainment. By integrating cryptocurrency and NFT functionalities into these games, Telegram aims to deliver an enriched user experience that caters to its global user base. This move underscores the platform’s commitment to positioning itself at the forefront of Web3 innovation within the messaging app space.
Bitget Wallet is playing a key role in facilitating this expansion by offering its OmniConnect developer kit to Web3 app creators. Introduced in September 2024, OmniConnect allows developers to build games and services that seamlessly integrate Web3 technologies into Telegram’s interface. This collaboration is expected to encourage the creation of a diverse range of Mini Apps, further embedding blockchain technology into everyday user interactions on Telegram.
The funding aligns with Telegram’s broader vision of blending social connectivity with cutting-edge technological advancements. As the platform leverages this investment to grow its Mini Apps ecosystem, it could set a benchmark for how messaging platforms embrace decentralized technologies to create dynamic and engaging user experiences. With Mini Apps already drawing substantial engagement, the integration of Web3 elements may further solidify Telegram’s position as a leader in the tech-driven social media landscape.
