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Telegram, the popular cross-platform, cloud-based instant messaging service, is looking at implementing NFT technology into its ecosystem. The founder of the encrypted messaging app has written about a possible marketplace for NFT-like smart contracts. He imagines a place to trade and sell Telegram usernames, which are extremely valuable online.
Although there are no official plans for Telegram to use NFTs now, that might change in the future. However, in recent weeks, Telegram founder Paul Durov has spoken of his intention to explore the potential of using NFT technology.
On his personal Telegram page, he wrote, “Imagine how successful Telegram with its 700 million users could be if we put reserved @ usernames, group and channel links for auction.” He said about the marketplace’s potential, “This would create a new platform where username holders could transfer them to interested parties in protected deals, with ownership secured on the blockchain via NFT-like smart contracts.”
Furthermore, he also wrote about other parts of the Telegram ecosystem using NFT technology, including channels, stickers, and emojis.
The Telegram founder is exploring how to use NFTs after the successful domain name auction by The Open Network (TON). The Telegram team created this layer-1 blockchain. Significantly, it enables users to give simple human-readable names to smart contracts, crypto wallets, and other decentralized apps.
The sale of over 2,000 .ton domain names made over $3 million in Toncoin. Talking about the success of the .ton sale, the Telegram founder said, “Our team can write bullet-proof smart contracts for TON (since it was us who invented its smart-contract language), so we are inclined to try out TON as the underlying blockchain for our future marketplace.”
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
James is an English teacher and freelance writer with a passion for NFTs, football, film and technology.
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