Things are growing daily with the constantly evolving nature of cryptocurrency and blockchain. One of the most notable recent events is the very popular Telegram Mini App PAWS moving to Solana. This followed the introduction of a new policy by Telegram, which forces all third-party crypto wallets and Mini Apps on the platform to be deployed on TON (Telegram Open Network). Following this policy, PAWS and other Telegram Mini Apps had no option but to choose between staying on TON or switching to a different blockchain. PAWS decided to switch to Solana.
In today's article, we will discover why PAWS decided to migrate to Solana, its impact on the Solana ecosystem, and its implications for projects on Web3 as a whole. We will also learn how DXB Apps, which is ranked as one of the best firms of mobile application developers, helps companies create amazing applications that compete effectively in this dynamic world as we know it today.
Why Did PAWS Move to Solana?
PAWS is a SocialFi project that compensates users for using it on Telegram. PAWS gained such a large user base of 80 million users in time. However, because of Telegram's new policy, a crisis occurred for PAWS. The policy demanded that PAWS and other Mini Apps use TON or exit the platform.
Instead of remaining with TON, PAWS chose to migrate to Solana, a cheaper and quicker blockchain. Solana is fast and cost-effective when transacting, hence the best fit for PAWS. The aim was to enable PAWS to grow even further, reach more users, and still provide excellent services while being decentralized.
The Impact on Solana
Due to PAWS' migration to the Solana network, the effect was almost instantaneous. The migration focused more on exposure and provided more than 9 million Phantom crypto wallets as downloads, an app with which they utilize Solana. On top of that, more than 1 million new addresses had already been created prior to PAWS' Token Generation Event (TGE).
PAWS also performed well on Solana-based NFT marketplace Magic Eden. Their vouchers for NFTs were a huge success and generated more than 100,000 transactions within two weeks. This is evidence that when a project like PAWS has a good and active community behind it, it can make a switch to another blockchain and yet remain successful if it is still offering something worth having to its users.
A Long-Term Growth Mindset
Solana's growth initiated a more extensive discussion on how blockchain projects can scale in the long term. Most blockchain projects are based on short-term profits and token speculation via trading. It can make markets fluctuate in seconds and might be dangerous for participants.
But PAWS didn't do it like that. Instead of emphasizing short-term earnings, PAWS emphasized user retention. It is attempting to create a long-term community that creates sustainable value. This change of emphasis from long-term growth over short-term earnings sets PAWS apart from most other blockchain projects.
Rebranding and Being an Actual Web3 Brand
It wasn't exactly a Solana migration in technical terms, but it was so much as one stop on the road to PAWS' long-term vision of establishing itself as a Web3 player. Toward that end, PAWS is rebranding and evolving from a viral Telegram Mini App into a more long-term presence within the Web3 realm.
PAWS aims to grow by partnering with decentralized finance (DeFi) protocols, cementing partnerships with gaming firms, and developing novel social engagement offerings. It's also positioning itself as a crypto brand with the potential to be seen in the real world through activations, collaborations, and mainstream publicity.
The dream is to create a sustainable token economy in which the community can co-govern and further develop the project. This will enable PAWS to remain robust and flourish in the long run.
PAWS as a Roadmap for Future Web3 Projects
The Solana migration is historic for PAWS and all Web3 projects. It's a sign that Telegram, which has such a massive user base, can serve as a launching pad where Web3 projects start but continue to grow on other blockchain networks like Solana.
If PAWS is able to make this transition positive, then maybe it will serve as an example to other Web3 projects on how they, too, can switch from centralized to decentralized but remain engaged with users. This may alter the way that Web3 projects operate in the future and establish a new trend for the entire space.
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Conclusion
PAWS' migration from Telegram to Solana is a milestone in Web3 and blockchain projects. It highlights the value of selecting the proper platform to construct, keeping people involved, and experimenting with multichain development. Since PAWS aims to be a Web3 sustainable brand, there are some lessons that future projects can learn from.
