David Edwards
In its latest report for 2023, Telegram reported a loss of $108 million. According to data from the Financial Times, 40% of all Telegram’s revenue comes from the cryptocurrency world, specifically through the integration of a crypto wallet into Telegram and the sale of collectible items.
How Telegram Makes Money
In Telegram, collectibles include usernames and virtual phone numbers. The messaging app’s team also facilitates trading these collectibles between users, earning commissions for their services.
Premium subscriptions are also crucial for Messenger. By the end of 2023, there were 4 million users who purchased Telegram Premium. This number has now surpassed 5 million users.
Moreover, сrypto airdrops have also significantly boosted Telegram’s popularity. Projects like Notcoin and Dogs allowed anyone to earn money and brought substantial attention to Telegram. As a result, more and more projects are integrating with Telegram. You can find all the most interesting airdrops on our website. Promising projects with confirmed drops: Near Wallet, Blum, Horizon Launch, Catizen
Legal Troubles: Founder’s Arrest and Impact on TON Coin
The main issue facing the messaging service now is the arrest of its founder, Pavel Durov. Pavel is currently under arrest in France. The latest information indicates he was released on bail of 5 million euros. However, If Pavel Durov is convicted, it remains unclear whether Messenger could be blocked in France.
Meanwhile, the TON coin, closely associated with Telegram and Pavel Durov, has recently experienced significant price fluctuations. After news of Durov’s arrest, the price of TON dropped to $5.2. On false rumors of Pavel’s release, the price rose to $6. The situation surrounding the arrest of Telegram’s founder will have a significant impact on the coin’s price. A potential release of Pavel could positively affect the coin’s price, but ongoing legal proceedings may cause further declines. This article is not financial advice; always conduct your own research.
