Telegram CEO Pavel Durov Hints at Web3 Integration

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Telegram CEO Pavel Durov Hints at Web3 Integration - Cryptocurrency

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Telegram CEO Pavel Durov Hints at Web3 Integration

Pavel Durov, CEO of Telegram, has hinted at a collection of Web3 enhancements coming to the favored messaging platform. Durov talked about the advantages that tradable usernames and channel hyperlinks might need in the longer term, making a market the place customers might use them in the identical method Ethereum Identify Service addresses are utilized.

Telegram May Obtain Web3 Enhancements

Digital corporations are beginning to see advantages that Web3, NFTs, and user-led digital marketplaces would possibly deliver to their operations. Pavel Durov, CEO of Telegram, one of the crucial in style messaging providers linked to crypto, has hinted on the integration of some Web3 providers into the platform.

Durov examined the success of a current area identify public sale on the TON community the place greater than 2,000 domains have been offered for costs as excessive as $260,000. TON is the platform that Telegram dropped in 2020 as a result of a restraining order requested by the U.S. Securities and Alternate Fee (SEC) for promoting alleged unregistered securities.

Durov acknowledged:

If TON has been capable of obtain these outcomes, 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.

Within the aforementioned public sale, domains like financial institution.ton and on line casino.ton have been offered for top costs, too.

Reusing TON

The creation of a Web3 market would permit customers that at present personal Telegram usernames to promote these to third events and obtain funds for this digital property in the identical method that an NFT will be offered. This may also prolong to group names, whose identities may very well be purchased by corporations or third events. Additionally, sticker packs and emojis may be included in this proposed market.

Durov defined that this initiative may very well be constructed on prime of the TON community rapidly, as the corporate already has the information of the good contracts construction of the system, on condition that it was initially designed by the Telegram. About this risk, Durov defined:

In relation to scalability and pace, TON in all probability has one of the best expertise to host such decentralized gross sales … we’re inclined to check out TON because the underlying blockchain for our future market.

Whereas Durov didn’t provide extra particulars on the topic, he did point out that this replace may be arriving in the approaching weeks. Telegram has already built-in TON into its platform, with customers having the opportunity of sending toncoin, the foreign money of the TON community, through chat, since final Could.

What do you concentrate on the brand new Web3 components that may be coming to Telegram in the approaching weeks? Inform us in the feedback part under.

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