Telegram Integrates Crypto Features, Boosts Role in Digital Asset Ecosystem

Telegram has rolled out an update that integrates its messaging platform further into the crypto ecosystem. The new features include NFT gifting and third-party verification, which aim to combat scams and frauds. Verified accounts will display a distinct logo instead of the usual blue tick verification mark.

The verification process involves a stringent application process for individuals or organizations seeking authentication. Once approved by third-party authorities, verified profiles will showcase the respective organization's logo, enhancing credibility in in-app interactions.

Telegram has also introduced emoji reactions and improved search filters for private chats, channels, and group discussions. The new update has sparked interest in the crypto market, with Telegram's native token Toncoin (TON) jumping 5% in value within 24 hours of the update.