The VR Soldier made the announcement on Feb 7th, NEAR Wallet Now is Available to Telegram Users, and now NEAR made the announcement that just within 10 days, more than 1 million Telegram users have generated wallets using HERE, the self-custodial wallet crafted for the NEAR Protocol (NEAR)
NEAR Protocol’s Self-Custodial Wallet
In a recent statement shared with analysts, NEAR stated that users had already initiated 300,000 wallets within the initial 48 hours of its launch.
The company asserted that the upswing in user adoption has propelled HERE to become the fastest-growing Web3 app to date. The HERE wallet enables Telegram users to effortlessly establish blockchain-enabled wallets. It utilizes Telegram usernames as NEAR wallet addresses, obviating the intricacies typically associated with wallet setup.
Superapps Are Gaining Momentum!
The integration of self-custodial wallets into widely used social media platforms like Telegram aligns with the trend of Superapps and Everything Apps gaining momentum.
For instance, Telegram positions itself as a frontrunner by offering its extensive user base of 800 million the seamless integration of crypto wallets within the social media platform.
Users can interact with decentralized finance and digital assets more conveniently than ever before, and that’s by seamlessly combining the functionalities of traditional messaging apps with blockchain technology.
Similarly, Elon Musk aspires to transform his social media platform X into an “everything app” that encompasses a broad spectrum of functionalities beyond just social media updates.
As part of this plan, the billionaire aims to incorporate features related to payments, banking, and much more into X, transforming it into a central hub for extensive interaction and possibilities. Musk’s strategy is powered by the concept of creating a universal marketplace for ideas, products, and services, all driven by artificial intelligence.
Conclusion
Mainstream adoption of crypto wallets is still on the rise, and according to the VR Soldier analysts, Google Trends insights indicate an increase in searches for “crypto wallet” by over a quarter (+27%) in the last year.
As Superapps and Everything Apps continue to mold the digital landscape, the capability to manage crypto assets within these platforms unveils new opportunities for individuals looking to explore and embrace the realm of cryptocurrencies.
