Telegram launches marketplace to auction rare username handles
The popular messaging app launched a new marketplace on the TON blockchain, on which it plans to auction off rare user handles. The popular messaging app Telegram announced on Oct. 26 the official launch of its new marketplace built on the Telegram Open Network (TON) blockchain. The marketplace will serve as an auction platform on which rare Telegram handles will be up for grabs.Initially, the idea was mentioned back in August on app founder Pavel Durov’s Telegram channel after the TON Foundation successfully auctioned off TON DNS domains.Telegram will start with auctions of four and....
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Telegram said that the development of its marketplace is almost finished, and a launch date will be announced soon. The popular messaging app Telegram has developed a new marketplace that doesn’t involve nonfungible tokens (NFTs). The social messaging platform said that it is all set to launch its marketplace for auctioning unique usernames for social platforms, an idea first floated in August.In an official announcement on its Telegram channel, the firm said that the development phase of the marketplace is near its end. The marketplace is based on its native blockchain called The Open....
“Imagine how successful Telegram with its 700 million users could be if we put reserved usernames, group and channel links for auction,” the Telegram founder wrote. Pavel Durov, the founder of encrypted messaging app Telegram, has floated the idea of a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames. Durov made the suggestion after the “success” of domain name auctions by The Open Network (TON), a layer-1 blockchain originally designed by the Telegram team. The blockchain project launched the TON DNS service enabling users to assign....
According to a report from TechCrunch, the social media platform Telegram will auction handles for individual accounts and channels. The company has been taking steps to boost its revenue. Earlier this year, it announced a subscription plan to keep its finance afloat. Related Reading: Coinbase Backed Mara Set To Introduce Crypto Wallet Service Across Africa […]
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