Telegram for NFTs

Depricated as of Oct 2022

Some CRYPKYP functionalities are depricated as of October 2022 and will no longer be populated until further development and future version.
Although all here is visible and interactable you can not Contribute to those articles.
Try looking at other information on the Platform and Contributing there!

Have a great day,

The CEO of Telegram suggests selling usernames and links for NFTs

Telegram for NFTs
Telegram for NFTs / Image Credit: CRYPKYP
Source: Decrypt
1661241974 23 Aug / 08:06

Pavel Durov, the CEO of Telegram, has suggested that platform identities and channel connections be sold as NFTs. Durov indicated that millions of reserved Telegram addresses might be auctioned off as assets on the blockchain in a post on Monday to his Telegram channel, which has 651,000 users.

With ownership safeguarded on the blockchain by NFT-like smart contracts, he added, "this would establish a new marketplace where username holders may transfer them to interested parties in protected trades."

Durov claimed that the recent sale of more than 2,000 .ton domain names by The Open Network (TON) was his inspiration. At the time of writing, each Toncoin sells for $1.29, so the total sale of 2,392,002 Toncoins generated about $3 million.

Wallet.ton was the most profitable name in the auction, selling for 215,250 Toncoin. Casino.ton and Bank.ton, the runner-up domain names, went for 200,000 and 157,500 Toncoin, respectively.

“Imagine how successful Telegram with its 700 million users could be if we put reserved @ usernames, group, and channel links up for sale, the CEO claimed if TON was able to achieve these outcomes. “All four-letter usernames (@bank, @club, @game, @gift, etc.) might be made available for purchase in addition to the millions of memorable addresses like @storm or @royal.”

“Other Telegram ecosystem components, such as channels, stickers, or emoji, could afterward also become a part of this marketplace,” the statement reads.

The Open Network (TON) was initially created by Telegram, but in June 2020, community members took over the management of the blockchain. As part of a settlement agreement with the Securities and Exchange Commission (SEC), which filed a lawsuit against Telegram for allegedly executing an unregistered securities sale for $1.7 billion in the form of GRAM tokens, the company was required to give up ownership.

However, Telegram continues to be intimately associated with the TON blockchain. The app enables users to exchange Toncoin directly through bots that automate platform tasks. Even though Telegram permits these bots, it doesn’t always support them.

Given its scalability and speed, Durov asserts that employing TON for its auction scheme would be ideal. Additionally, he is sure that because the business created the network’s programming language, it can create “bullet-proof” smart contracts for it.

In the upcoming weeks, “let’s see if we can add a little bit of Web 3.0 to Telegram,” he said.

Last News and Media
CRYPKYP contain links to third-party websites, resources, and advertisers. CRYPKYP does not control, sponsor, recommend or otherwise accept responsibility for any third-party content because we are not responsible for the availability of these outside resources or their contents or privacy practices. It will help if you direct any concerns regarding any third-party content to such a third party. We don't accept responsibility for the content of external websites linked to through the Site or the Services. Third-party content is accessed at the user's own risk. CRYPKYP distributes content from third-party publishers as indicated on the site from time to time mainly in Airdrops, News / Media, Whale Alerts, and Rumors. In these circumstances, CRYPKYP only provides limited stylistic input to the content. CRYPKYP does not verify and takes no responsibility for the accuracy of the content provided by any such third-party publishers.