Grindery, supported by Binance Labs, is revolutionizing digital asset transactions on Telegram. The innovative smart wallet solution facilitates quick cryptocurrency transfers on the messaging platform through account abstraction. This technology allows users to securely store assets in a blockchain smart contract, enhancing security and providing advanced programmable features for on-chain participants.

With over 700,000 sign-ups during the beta phase that began in September last year, Grindery has gained significant traction. The platform has attracted over 500,000 holders of its G1 tokens ahead of an official listing, showcasing its popularity among users.

Grindery aims to simplify crypto transactions for Telegram’s 800 million users by replacing complex blockchain addresses with user-friendly names. This approach is expected to increase user confidence and improve the utility of tokens available on Telegram across various EVM-compatible blockchains.

The smart wallet has become one of the most deployed account abstraction contracts on decentralized networks, as indicated by a Dune Analytics dashboard. By integrating with TON Chain, Grindery is aligning with Telegram’s vision of becoming a SuperApp and expanding the EVM ecosystem within the platform.

Founder Tim Delhaes envisions Grindery as a key player in bringing a native web3 experience to a billion Telegram users. The platform also aims to target mainstream merchants and e-commerce stores, offering one-click payments to onboard a large number of users into web3 marketplaces.

In conclusion, Grindery’s innovative approach to digital asset transactions on Telegram has the potential to revolutionize the cryptocurrency landscape and make blockchain technology more accessible to a wider audience. Explore more news and updates on Global Crypto News.

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