Inspired by the $ three million TON domain title auction, CEO Pavel Durov desired to “add some Web3 flavor” to Telegram.
Pavel Durov, CEO of Telegram, proposed to “NFTize” usernames and release a market place to exchange them, in accordance to Message send to Durov’s canal yesterday.
The over concept was inspired by the domain title auction occasion of The Open Network (TON), the blockchain that the moment belonged to Telegram. In the message, he expressed “very impressed with the success of the recent TON portfolio / domain auction”.
On July thirty, the venture opened an auction more than 2,000 domainseach and every for $ one.29 at the time of creating, earned two,392,002 tons, equivalent about three million bucks.
He additional argued:
“If TON attained this kind of benefits, picture how productive Telegram with 700 million consumers could be if we entered the username, group website link and channel on the auction channel.
Other aspects of the Telegram ecosystem, this kind of as channels, stickers or emojis, could also later on grow to be element of this market place. “
Durov suggests that Telegram could leverage related technologies to launch a new market place that can be applied to get and promote scorching t.me addresses like @storm or @royal and all 4-letter usernames.
“This will create a new platform where owners of usernames can pass them on to others using secure transactions, with ownership secured on the blockchain via NFT-like smart contracts.”
“Let’s see if we need to add some Web3 to Telegram in the coming weeks,” he concluded.
TON was initially jointly founded by Telegram in 2013, but handle of the blockchain was ceded to The Open Network neighborhood in June 2020, in accordance to agree with the Securities and Exchange Commission (SEC). That 12 months, Telegram was accused of trading unregistered securities for $ one.seven billion in the type of GRAM tokens.
After remaining defeated, Durov left the venture to target on Telegram advancement. Since then, the TON Foundation has resurrected Toncoin, wholly separate from Telegram, despite the fact that it continues to acquire approval from CEO Pavel Durov.
Until final month, the TON Foundation has effectively established two ecosystem advancement money of $ 250 million (April) and $ 90 million (July). Later, Toncoin was integrated into the @wallet bot on Telegram, enabling consumers to send and acquire TON inside of the app. Recently, the TON coin was lastly “found” and Toncoin has officially switched to the Proof-of-Stake mechanism.
TON was up 17% shortly following the information was announced and is trading all around $ one.34, in accordance to CoinMarketCap.
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