MemeFi enhances Telegram’s user experience by simplifying Web3, integrating crypto as infrastructure, and ensuring scalability through Sui blockchain.
By Temitope Olatunji
Edited by Julia Sakovich
Updated
3 mins read
MemeFi, a Telegram-based tap-to-earn game, is reshaping how cryptocurrency integrates with mainstream platforms. With over 50 million users, the project has become one of Telegram’s largest applications. Despite the growing presence of Telegram-based crypto projects, MemeFi believes these apps are undervalued compared to Web3 projects, which tend to have smaller user bases but much higher market capitalizations.
The app’s lack of a large market value reflects the untapped potential of Telegram. Thus, MemeFi is taking a different route, proving that true adoption lies in utility and user experience. Instead of treating cryptocurrency as a standalone product, MemeFi uses it as infrastructure, further stating that rather than adding crypto for hype, it is used only when it enhances functionality and addresses real needs.
The Telegram-based tap-to-earn game stated in its blog post that it is building an ecosystem of Telegram consumer applications that will gain wider attention. It mentioned that two major initiatives are in development: adopting one of mobile gaming’s most successful revenue models on Telegram and creating a prediction market with an intuitive design and engaging user experience.
MemeFi also revealed that a proper consumer app should have a simple UX, much like a banking app. However, the current Web3 experience is too complicated and not user-friendly. To address this, MemeFi is working on simplifying how users interact with their accounts by hiding the complex details of management, completely eliminating the need for seed phrases and gas fees. MemeFi wrote:
“Consumer apps need banking-app-level UX. Current Web3 experience, with all of its chunkiness, doesn’t cut it. We’re focused on integrating account abstraction that removes seed phrases and gas fees from the user experience entirely.”
Furthermore, the project stated that for a consumer app to gain mass interest, it must be able to handle large numbers of users and process transactions reliably. This was one of the reasons for the migration to Sui. MemeFi explained:
“Mass-appeal consumer apps require robust scalability and reliable transaction processing. This is the primary reason why we selected Sui for the migration. Sui’s unique architectural design and technical capabilities make it possible to accommodate millions of users from the MemeFi ecosystem effectively.This is what we need to build further.”
In addition to creating a new Telegram consumer app, the project is also working on growing the MemeFi brand. Known as the only Telegram app with a meme coin brand, the platform explained that building a strong brand will require creating unique and eye-catching visuals, expanding across multiple platforms, and forming high-profile partnerships with established brands and IPs that have a proven audience pool.
Along with the partnership, community members will receive rewards. The MEMEFI token will serve as the gateway for users to access and benefit from the platform’s success. Token holders will enjoy a share of the revenue generated by MemeFi’s Telegram apps, making it a cornerstone of the project’s community-driven approach.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
