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Telegram may quickly supply a market to public sale addresses, founder Pavel Durov mentioned. In a publish on his private Telegram channel, which has 651,000 subscribers, Durov recommended that thousands and thousands of reserved Telegram addresses may very well be auctioned as belongings on the blockchain. Durov wrote that he was impressed by The Open Community (TON)’s latest sale of over 2,000 ‘.ton’ domains — a sale which totaled 2,392,002 Toncoin, every of which trades for $1.33 (roughly Rs. 100) on the time of writing, netting roughly $3 million (roughly Rs. 24 crore).
“Think about how profitable Telegram with its 700 million customers may very well be if we put reserved @ usernames, group and channel hyperlinks for public sale,” he mentioned.
Durov recommended that Telegram may faucet into comparable expertise to roll out a brand new market that may very well be used to purchase and promote “catchy t.me addresses like @storm or @royal, and all four-letter person names:”
“This could create a brand new platform the place username holders may switch them to events in protected offers — with possession secured on the blockchain by way of NFT-like good contracts. Different components of the Telegram ecosystem, together with channels, stickers or emoji, may later additionally develop into a part of this market,” he added.
Though TON was initially designed by Telegram, management of the blockchain was handed over to The Open Community group in June 2020. The agency was pressured to forfeit possession as a part of a settlement cope with the Securities and Trade Fee (SEC), which filed a criticism towards Telegram for allegedly conducting an unregistered securities sale for $1.7 billion within the type of GRAM tokens.
That mentioned, Telegram remains to be carefully concerned with the TON blockchain. The messaging platform now lets customers instantly trade Toncoin by way of bots that automate actions on the platform. Although Telegram permits these bots, it would not essentially endorse them.
The primary auctions on TON DNS went reside on July 30, and very similar to the Ethereum Identify Service (ENS) “.eth” domains, the “.ton” variant permits customers to entry decentralised purposes in a easy manner without having to kind an extended string of letters and numbers from their pockets addresses.
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