Saturday, December 10, 2022

Telegram plans to auction NFTs: Blockchain technology will be present in the app

Co-Founder and CEO of WirePavel Durov, has shown his interest in integrating web3 To auction your username, group and channel links on the messaging platform blockchain as if they were non-fungible tokens (NFTs, for its acronym in English).

Web3 is a proposal for the next step in the World Wide Web (WWW) standard. Coined in 2014, the idea proposes a decentralized operation based on blockchain and other derivative technologies, such as NFTs.

The Open Network (TON) project is one of the exponents of the blockchain-based decentralization proposed by Web3. The messaging platform introduced this offer in 2018 to The Telegram Network. was launched in the name ofHowever, it pulled out in 2020 after a legal battle with the United States Securities and Exchange Commission after collecting the largest initial coin offering (ICO) in history up to that point.

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Several independent groups took over from Telegram in the development of Tocoin, the native token of the TON network formerly known as Gram, as recalled by specialty portal TechCrunch. In fact, in 2021 he himself managed to win the rights to the domain with the support of Durov.

now, This project could be the inspiration for Telegram, The CEO of the instant messaging application has been “really impressed” by TON’s auction of domains and wallets or wallets, as he acknowledged on his official channel within the platform.

Durov believes that Telegram can largely replicate TON’s auction model thanks to its 700 million users. To do this, it proposes to auction reserved usernames, as well as group and channel links, as if they were NFTs.

The CEO of the platform suggests that all four-letter usernames such as “bank, club, sport and gift” may be auctioned.

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Durov outlines a “new platform” in which holders of these usernames can “transfer them to interested parties in agreements protected” by smart contracts similar to NFTs. These mechanisms ensure compliance with agreed terms, and can execute them without the need for an intermediary or central authority.

WEB3 will come to Telegram “in the next weeks”

Telegram co-founder opens doors to other elements of its ecosystem as wellLike channels, stickers and emoji, become part of this market in the future.

Durov argues that TON has the best network to host Telegram’s decentralized auction because it “probably” has the best technology for “scalability and speed.”

In this sense, remember that the Telegram team could create a “bulletproof” smart contract for TON because it is the creator of the language used to do so.

According to its CEO, the integration of “Bit of Web3” into Telegram could happen “in the coming weeks”.

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