FT report reveals: Crypto contributes 40% of Telegram's revenue

A Financial Times report claims that digital asset activities, specifically the “sale of collectibles” and an “integrated wallet,” accounted for a significant portion of the telegram app's revenue. The term “integrated wallet” describes an application that allows users to send, receive, store, and exchange cryptocurrency. On the other hand, the term “sale of collectibles” refers to products such as virtual phone numbers and usernames, which together brought in approximately $148 million, or nearly 40% of the total revenue of the Widely used app, Telegram.

The popular messaging app recently announced a new incentive program that allows owners of public channels on its platform to get 50% of advertising revenue in Toncoin (TON), the project's native cryptocurrency.

The program has also gained popularity for hosting crypto games such as Notcoin and Hamster Kombat, which run on the TON blockchain.

Recently, Pavel Durov Telegram founder and CEO of Telegram, faced legal difficulties after being charged by a French court on allegations that Telegram's tools were used for illegal activity.

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