Telegram Founder Wants NFT-like links to Auction Usernames

Telegram Founder Wants NFT-like links to Auction Usernames

The founder and CEO of messaging app, Telegram, Pavel Durov, has provide you with an revolutionary thought of making a market that makes use of NFT-like links or sensible contracts to public sale sought-after ‘usernames’.

Durov additional wrote in his Telegram channel, “Other elements of the Telegram ecosystem, including channels, stickers or emoji, could later also become part of this marketplace.”

Durov added that contemplating scalability and pace, TON in all probability has the ‘best technology’ to host decentralized auctions. He additional mentioned that the Telegram group can write bullet-proof sensible contracts for TON as a result of it was the group itself that invented its smart-contract language.

Citing the above causes, Durov concluded that the group is to make the most of TON because the underlying blockchain for Telegram’s future market and Telegram can also count on a ‘little bit of Web3’ itself in future.

The revolutionary proposal comes after Telegram’s group designed a layer-1 blockchain ‘The Open Network’ (TON) which witnessed a hovering success with its area title auctions.

As per Durov, the area title, Wallet.ton was bought for 215,250 Toncoin (~$260000) whereas on line casino.ton was bought for ~$244000.

The blockchain challenge began a TON DNS service for customers to give human-readable names to crypto wallets, sensible contracts, and web sites in mid-July.

The first sale on TON DNS was dwell on July 30, and similar to the Ethereum Name Service (ENS) “.eth” domains, the “.ton” helps customers to entry decentralized functions in a simple means with out having to insert a long-string of letters and numbers from their pockets addresses.

TON was initially developed as a digital funds platform for Telegram, however in 2019, it was caught in an issue with the U.S. Securities and Exchange Commission (SEC) due to an unregistered preliminary sale of $1.7 billion price of Gram tokens.

According to knowledge from CoinMarketCap, TON community’s native token, Toncoin (TON) has pumped 15.15% over the previous 24 hours and is at $1.31 on the time of writing.

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