The advantages that Web3, NFTs, and user-led digital markets may have for their business operations are beginning to be recognized by digital firms. A few Web3 services may be incorporated into the platform, according to Pavel Durov, CEO of Telegram, one of the most well-known messaging applications related to cryptocurrencies.
Durov looked into the outcome of a recent TON network domain name auction in which more than 2,000 domains were bought and sold for as much as $260,000. Due to a restraining order request from the U.S. Securities and Exchange Commission (SEC) for selling allegedly unregistered securities, Telegram discontinued TON in 2020.
Users who presently possess Telegram usernames would be able to sell them to interested parties and get paid for them in the same manner as the establishment of a Web3 marketplace can sell an NFT. This may also apply to group names, whose identities may be purchased by businesses or other interested parties. Additionally, this suggested market may incorporate sticker sheets and emoticons.
Because the TON network was created by Telegram, the firm already has the expertise in the smart contracts system, according to Durov, who said that this initiative could be easily developed on top of it.
Durov stated, “Regarding 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.”
Durov hinted that this update would be coming in the next several weeks, but he did not provide further information. Users have had the option to transmit toncoin, the currency of the TON network, via chat since last May, thanks to Telegram’s integration of TON into its platform.
