Telegram founder may open NFT marketplace for usernames

Telegram, the popular cross-platform, cloud-based instant messaging service, is looking at implementing NFT technology into its ecosystem. The founder of an encrypted messaging app writes about the NFT-like smart contracts marketplace. Considers a place to trade and sell extremely valuable Telegram usernames online.

Two shades of omn phones with the Telegram logo in the background and write the text NFT
According to Telegram founder Pavel Durov, the company is looking for ways to use NFT technology.

Is Telegram joining the Web3 world with NFT usernames?

Although there are no official plans to use NFTs for Telegram, this may change in the future. However, in recent weeks, Telegram founder Pavel Durov has spoken about his desire to explore the potential of using NFT technology.

“Imagine how successful Telegram with its 700 million users could be if we put protected @ usernames, group and channel links up for auction,” he wrote on his personal Telegram page. Regarding the potential of the marketplace, he said, “This creates a new platform where username holders can transfer ownership rights on the blockchain through NFT-like smart contracts to interested parties in restricted agreements.

Additionally, he has written about other parts of the Telegram ecosystem using NFT technology, including channels, stickers, and emojis.

Telegram’s success in the TON Domain Name auction

Telegram’s founder is investigating how to use NFTs after the successful domain name auction by The Open Network (TON). The Telegram team created this layer-1 blockchain. By definition, it allows users to assign simple human-readable names to smart contracts, crypto wallets, and other decentralized applications.

Sales of over 2,000 .ton domain names generated over $3 million in Toncoin. Speaking about Ton’s sales success, Telegram’s founder said, “Our team can write bulletproof smart contracts for Ton (we’re the ones who invented the smart contract language), so we’d love to test Ton. Blockchain is the core of our future marketplace.”

All investment/financial opinions expressed on are not recommendations.

This article is educational material.

As always, do your own research before making any investment.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *