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HomeNFTTelegram's founder proposes to auction off popular usernames using "NFT smart contracts"

Telegram’s founder proposes to auction off popular usernames using “NFT smart contracts”

Pavel Durov, the CEO of messaging app Telegram, stated that millions of registered Telegram addresses may be sold as assets on the blockchain in a message on August 22 to his personal Telegram channel. In the coming weeks, Durov is thinking about adding “a little bit of Web 3.0” to the app and a marketplace that would use “NFT-like smart contracts” to auction off popular usernames. Pavel Durov explained:

“This would create a new platform where username holders could transfer them to interested parties in protected deals – with ownership secured on the blockchain via NFT-like smart contracts.”

Durov stated the Telegram team can “develop bullet-proof smart contracts for TON” in order to hold decentralised sales on the blockchain he built called TON. He spoke on the successes of a recent TON auction for domain and wallet domains, mentioning the sales of wallet.ton for 215,250 Ton Coin (approximately $260,000) and casino.ton for roughly $244,000, respectively.

Durov asserted that he was inspired by The Open Network’s (TON) recent auction of more than 2,000.ton domain names. Wallet.ton was the most profitable name in the auction, selling for a total of 215,250 Toncoin. Casino.ton and Bank.ton, the runner-up domain names, went for 200,000 and 157,500 Toncoin, respectively. However, Telegram continues to be intimately associated with the TON blockchain. Through bots that automate platform tasks, the app now enables users to directly exchange Toncoin. 

Durov asserts that employing TON for its own auction scheme would be ideal. Additionally, he is sure that because the business created the network’s programming language, it can create “bullet-proof” smart contracts for it.

Read more at Cryptoshrypto:

Telegram introduces TON for crypto payments

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