Telegram CEO Pavel Durov Hints at Web3 Integration
Pavel
Durov, CEO of Telegram, has hinted at a series of Web3 enhancements coming to
the popular messaging platform. Durov talked about the benefits that tradable
usernames and channel links might have in the future, creating a marketplace
where users could use them in the same way Ethereum Name Service addresses are
utilized.
Telegram Looks At Web3 Enhancements
Digital
companies are starting to see the benefits of Web3, NFTs, and user-led digital
marketplaces for their operations. Pavel Durov, CEO of Telegram, one of the
most popular messaging services linked to crypto, has hinted at the
integration of some Web3 services into the platform.
Durov
examined the success of a recent domain name auction on the TON
network where more than 2,000 domains were sold for prices as high as USD
260,000. TON is the platform that Telegram dropped in 2020 due to a
restraining order requested by the U.S. Securities and Exchange Commission
(SEC) for selling alleged unregistered securities.
Durov
stated:
"If
TON has been able to achieve these results, imagine how successful Telegram
with its 700 million users could be if we put reserved @usernames, groups, and
channel links up for auction."
TON Network
The
creation of a Web3 marketplace would allow users that currently own Telegram
usernames to sell them to interested third parties and receive payments for the
digital property in the same way that an NFT can be sold. This might also
extend to group names, whose identities could be bought by companies or
interested third parties. Also, sticker packs and emojis might be included in
the proposed marketplace.
Durov
explained that this initiative could be built quickly on top of the TON
network, as the company already knows the smart contract structure of the
system, given that it was originally designed by Telegram. About this
possibility, Durov explained:
"When
it comes to scalability and speed, TON probably has the best technology to host
such decentralized sales... we are inclined to try out TON as the underlying
blockchain for our future marketplace."
While
Durov did not offer more details on the subject, he did mention that this
update might be arriving in the coming weeks. Telegram has already integrated TON into its
platform, with users having the possibility of sending toncoin, the currency of
the TON network, via chat since last May.
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