May 3, 2025
Blockchain

Pavel Durov announces the launch of a blockchain marketplace on Telegram

  • August 23, 2022
  • 0

Telegram founder Pavel Durov announced the possible launch of a marketplace based on the TON blockchain to sell usernames, links to channels and groups on the messenger. He

Pavel Durov announces the launch of a blockchain marketplace on Telegram

Pavel Durov announces the launch of a blockchain marketplace on Telegram
Pavel Durov announces the launch of a blockchain marketplace on Telegram

Telegram founder Pavel Durov announced the possible launch of a marketplace based on the TON blockchain to sell usernames, links to channels and groups on the messenger.

He noted that he was “impressed” by the recent auctions for the sale of domain names by the TON team. He emphasized that wallet.ton was sold for 215,250 Toncoins (~$260,000), while casino.ton was sold for ~$244,000.

“Imagine how successful Telegram would be with 700 million users if we auctioned off reserved user IDs, channel links, and groups. In addition to millions of memorable addresses like @storm or @royal, all four-letter names could be put up for sale (@banka, @ club, @game, @gift, etc.), ”Durov said.

The entrepreneur explained that on the new platform, name holders will be able to pass them on to stakeholders in secure transactions on the blockchain via “NFT-like smart contracts”.

According to him, other elements of the messenger ecosystem, including channels, emojis and stickers, may appear in the market later.

“When it comes to scalability and speed, TON probably has the best technology to implement this kind of decentralized selling,” Durov said.

He reminded that the Telegram team created the TON smart contract language. This was one of the reasons why the messenger decided to test the network as a basis for its trading platform.

“Let’s see if we can add some Web3 to Telegram in the coming weeks,” Durov said.

Recall that in May 2020, due to a legal dispute with the US Securities and Exchange Commission and a ban on token distribution, the Telegram Open Network (TON) project announced that it was closed.

After TON’s shutdown, several independent teams continued to work on the blockchain based on the project code. Among them is Free TON (renamed Everscale), a Chinese project from TON Community and NewTON.

Second, it launched the NewTON Blockchain testnet in May 2020. In August 2021, the TON team transferred the ton.org domain name and GitHub repository to the project, which changed its name to The Open Network.

In December, Durov publicly supported the developers of this network.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.

Source: Fork Log

Leave a Reply

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