Thu, May 09, 2024 at 14:11

Joy
- Hey Annie!
- Got some hot news for ya!
- Inco, a developer of a universal confidentiality layer for Ethereum and other networks, has teamed up with Privy, a wallet provider.
- Guess what they're doing?
- They're making it possible to build non-custodial, on-chain Web3 games and products as Telegram Mini Apps (TMAs).🚀
Annie
- Oh, really?
- That sounds interesting!😊 So, what does this mean exactly?
Joy
- Well, this means that developers can now directly reach users on Telegram, which has a whopping 900 million users worldwide.
- They can create decentralized apps (Dapps) as TMAs, providing a user-friendly experience and tapping into a massive pool of retail users.🌍
Annie
- Wow, that's a lot of potential users!🤩 But how do these TMAs work?
ADward
- Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅
Joy
- Good question!
- These web apps run inside Telegram Messenger.
- Users can access them in individual or group chats.
- It's as simple as starting a chat conversation with an app's Telegram handle.
- For instance, they gave an example of a poker game running fully on-chain.
- Players don't have to trust the dealer; they can check their play thanks to Fully Homomorphic Encryption (FHE).🎲
Annie
- That sounds pretty cool!😎 So, have they already created any apps?
Joy
- Yes, they have!
- Inco has already created several demo apps.
- These include a Slot Machine and Hangman game.
- Both games use FHE for on-chain confidentiality and randomness.🎰
Annie
- That's awesome!🎉 But what about security?
- I heard that many TMAs provide their own custodial wallets, which can be a security risk.
Joy
- You're right, but don't worry!
- Developers can now integrate Privy SDK to provide self-custodial wallets for users.
- This way, users can securely power on-chain experiences from Telegram.🔒
Annie
- That's reassuring!😌 So, what kind of games can be developed?
Joy
- Oh, there's a whole variety!
- We're talking slot machines, card games, guessing games, prediction markets, and more.
- This allows for new forms of gameplay with confidential elements.🎮
Annie
- Sounds like a lot of fun!😄 But how easy is it to build these apps?
Joy
- Well, developers can use popular web development standards like HTML, CSS, and JavaScript/React to build these TMAs.
- Plus, they can access Inco's open-source repo to start building similar experiences within Telegram.
- It's pretty straightforward!💻
Annie
- That's great to hear!
- So, is this news good or bad?
- How will it affect the market?
Joy
- Oh, it's definitely good news!
- This partnership will help developers meet their users where they are – many of them being on Telegram.
- It's expected to boost the Web3 industry development and represents a new wave of dapps.
- So, it's likely to have a positive impact on the market!🚀
- To sum up, this article is considered a 😍Bullish for investors!!