Messaging giant Telegram is challenging its rival WhatsApp with a substantial content contest offering a $50,000 prize pool. The initiative aims to counter accusations of feature copying and bolster Telegram’s image as a leader in privacy and innovation. Launched by founder Pavel Durov, the competition encourages users to create viral content showcasing Telegram’s technological advancements. The contest arises from allegations of WhatsApp engaging in smear campaigns against Telegram. Durov claims these tactics are an attempt at hindering Telegram’s growth. While the initiative aims to increase user engagement and highlight Telegram’s strengths, it does not directly impact cryptocurrency markets or regulatory actions.