Telegram CEO Pavel Durov has publicly endorsed the web3 game Notcoin, which has gained immense popularity with 35 million active users in just a few months. Notcoin, a Mini App on Telegram, has successfully launched its NOT token on the TON blockchain, distributing over 80 billion tokens to participants. This achievement showcases the power of the Telegram and TON ecosystems for app developers.

Notcoin's success story is remarkable, with users able to "mine" the in-game currency simply by tapping an icon on their phone. The accrued amount has now been converted into the NOT token at a 1000:1 ratio. Additionally, nearly 800,000 NFT vouchers minted prior to the token generation event can also be converted into NOT tokens at the same ratio.

The total supply of NOT tokens is 102.7 billion, with 78% allocated to miners and NFT voucher holders, and the remaining 22% reserved for new users, traders, and future development. Notcoin has exceeded $700 million in fully diluted valuation, with a market capitalization of $545 million and a current trading price of $0.0068.

Notcoin's instant success has made it a top-10 cryptocurrency by trading volume, with over 678,000 on-chain wallets now holding NOT tokens. Telegram CEO Pavel Durov has praised Notcoin's achievement, stating that hundreds of millions of dollars in value were created for Telegram users in a matter of months. This has led to a surge in new Mini Apps being built on Telegram and TON.

Notcoin's monetization strategy involves attracting web3 organizations to advertise through the game, rewarding players for participating in tasks that drive engagement to these projects. The team plans to continue rewarding users for exploring the crypto ecosystem using NOT tokens, with a trading bot set to be introduced, enabling users to trade other TON-based tokens.

Telegram's exploration of blockchain dates back to 2018, and the company has since developed the Telegram Open Network (TON). Although the project faced setbacks, open-source developers revived it as The Open Network in 2022. Telegram CEO Pavel Durov has expressed his support for the project, and Notcoin's success marks a significant milestone in the web3 gaming space.