In an official communication, the Trust Wallet sealed a partnership agreement with The Open Network (TON) to increase the adoption of blockchain.
On Tuesday, Trust Wallet entered into a partnership agreement with The Open Network (TON) to onboard more users to the crypto sector. Under the partnership agreement, Trust Wallet users can explore the TON ecosystem and use various applications to execute their daily activities.
Trust Wallet Partners with TON
The partnership allows the Trust Wallet to expand its customer base by providing services in gaming finance (GameFi) and decentralized applications (Dapps) to Telegram users. TON was developed by the team behind Telegram, aiming at processing millions of transactions per second.
The developers integrate a unique multi-blockchain design to offer the end user fast, secure, and scalable solutions. Under the partnership agreement, TON will act as a revolutionary force seeking to improve user interaction with the blockchain network.
Also, the partnership will assist the Trust Wallet in bringing more users to the digital space by integrating TON Dapps and GameFi services into its self-custodial digital wallet. The Trust wallet will expand its customer base to 100 million users by integrating the TON application.
A statement from the head of product at Trust Wallet, Naet Zou, stated that the partnership aimed to provide the wallet users access to the TON ecosystem. The executive anticipates that the integration will improve the user experience and streamline the interaction with the TON network.
Significance of TON and Trust Wallet Partnership
The executive confirmed that the TonKeeper wallet will be integrated into the Trust Wallet in the coming weeks. Zou stated the Trust Wallet developers will integrate additional features, including TON Connect and TON Dapps, with time.
Based on the condition of the partnership agreement, the executive described the collaboration between Trust Wallet and TON as a natural progression, which means it is a journey to continuous improvement.
She added that Trust Wallet’s community-oriented and user-friendly approach made partnering with the fast-paced network solution possible. The Trust wallet launched an open-source solution, Barz, an ERC-4337 smart wallet, to meet the customer’s needs.
Barz was launched to push for mainstream adoption of blockchain. Also, the Trust team launched Barz to provide the developer with innovative solutions to overcome challenges such as account recovery, signature migration, and flexible key management issues hindering the adoption of blockchain and Web3.
During Barz’s launch, the head of engineering at Trust Wallet, Luis Ocegueda, explained that open-source wallets allow developers to perform unimaginable things. With the ongoing development, the Trust wallet has been profiled as an easy-to-use, secure wallet supporting over 120 blockchains. Recently, the Trust wallet onboarded hundreds of Web3 investors through the Tap-to-Earn program.
TON Market Performance
On the other hand, the TON network has grown exponentially since it was launched on Telegram. Its high processing speed and low gas charges have increased TON’s adoption. A few weeks ago, TON launched a W5 system wallet offering zero gas fees.
The new wallet allows the TON users to complete transactions using USDT and NOT tokens. With the ongoing development within the TON ecosystem, the network will launch a Bitcoin bridge to allow customers to hold BTC.
Shortly after Trust Wallet announced a partnership with TON, its native token, Toncoin, surged by nearly 2.5% to trade at $6.83. CoinMarketCap data signal the possibility of TON establishing a bullish steam since the partnership will boost the network’s accessibility to new users.
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