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TELEGRAM FOUNDER

Telegram founder desires to discover web3-primarily based auctions for custom usernames
Durov said on his Telegram channel that he turned into inspired through the TON venture — an unbiased venture now not affiliated with Telegram — and the way it is used for vicinity name/wallet auctions. He referred that Telegram can reflect TON's public sale at the app via placing custom usernames, corporations, and channel hyperlinks at the public sale on blockchain — much like NFTs.

Blockchain-primarily based place naming systems like the Ethereum Name Service (ENS) and Solana Bonafida naming provider have found recognition, with Unstoppable Domain currently reaching unicorn reputation. If Telegram goes in advance, the custom hyperlink NFTs can be every other manner to earn sales apart from ads and subscription offerings.

The Telegram founder additionally stated that the organisation is "inclined to attempt out TON" as a blockchain of preference for Telegram, given its familiarity with the generation. The chat app already permits customers to deliver Toncoin to each exclusive right away in the app. So an NFT market based on that seems like a possible subsequent step for web3 integration.

But it additionally comes with superb blockchain stumbles, too. A few years ago, the chat app abandoned a TON blockchain task. In 2018, the organization explored plans for Telegram Open Network (TON) blockchain venture and a mega initial coin providing (ICO). The task collected some interest from numerous buyers, which includes Benchmark and Lightspeed Capital, which positioned up $1.7 billion. However, Telegram turned into pressured to desert the venture after a criminal fight with the U.S. Securities and Exchange Commission (SEC).

After Telegram stopped going for walks on TON, various unbiased companies persevered the development, with Toncoin getting backing from Durov and prevailing the rights to the ton.Org internet web page in 2021. However, the Telegram founder has attempted to clarify that the corporation isn't without delay involved with the undertaking.

Wallet. I'm absolutely stimulated by using the achievement of the general public sale TON presently carried out for his or her location/pocket names. Won turns into offered for 215,250 Toncoin (~$260000) in the course of the casino. Ton became bought for ~$244000.

If TON has been capable of reaping those effects, believe how a success Telegram, with its seven hundred million clients, will be if we placed reserved usernames, establishments, and channel hyperlinks for public sale.

This may create a new platform wherein username holders ought to transfer them to interesting activities in included deals – with possession secured on the blockchain thru NFT-like smart contracts. Other elements of the Telegram ecosystem, which includes channels, stickers, or emojis, need to later additionally grow to be part of this marketplace.

TON in all likelihood has the satisfactory technology to host such decentralized income while it involves scalability and tempo. Our team can write bullet-evidence smart contracts for TON (because it turned into us who invented its clever-agreement language), so we are willing to attempt out TON due to the underlying blockchain for our destiny market.