Over the span of just 10 days, HERE, the self-custodial wallet tailored for the NEAR Protocol (NEAR), has seen remarkable adoption, with over 1 million Telegram users creating wallets.
NEAR reported that within the first 48 hours of its launch, users had already generated 300,000 wallets, marking a rapid uptake. This surge has positioned HERE as the fastest-growing Web3 app to date.
The HERE wallet simplifies the process for Telegram users to establish blockchain-enabled wallets, utilizing their Telegram usernames as NEAR wallet addresses, thus streamlining the setup process.
This integration of self-custodial wallets within widely used social media platforms like Telegram reflects the rising trend of Superapps and Everything Apps.
Telegram, with its massive user base of 800 million, is positioning itself as a leader by seamlessly integrating crypto wallets into its platform. This integration facilitates easier engagement with decentralized finance and digital assets.
Similarly, Elon Musk’s vision for his social media platform X to become an “everything app” includes a wide range of functionalities beyond social media updates, such as payments and banking services, aiming to create a central hub for diverse interactions powered by artificial intelligence.
The growing popularity of Superapps and Everything Apps presents new opportunities for individuals to manage crypto assets within these platforms, contributing to the wider adoption of cryptocurrencies.
In related news, crypto exchange Kraken has requested its UK users to verify their self-custodial wallets or validate their wallet identities, citing regulatory requirements. Users are required to confirm ownership or control of self-custodial wallets used for cryptocurrency transactions, along with providing information about external self-custodial wallets and associated residential addresses.
Furthermore, mainstream adoption of crypto wallets continues to rise, as indicated by a more than 25% increase in searches for ‘crypto wallet’ on Google Trends over the past year.Massive Adoption: NEAR Protocol’s Self-Custodial Wallet Registers 1 Million Telegram Users in 10 Days
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