- Telegram co-founder and CEO Pavel Durov introduced plans for Token2049 Dubai.
- The tokenization venture will use the TON blockchain.
- The worth of toncoins elevated when the TON Basis and Tether joined forces to carry USDT to the TON blockchain.
Telegram is taking a serious step in embracing blockchain expertise with a brand new effort introduced immediately throughout Token2049 Dubai.
The favored messaging app's co-founder and CEO Pavel Durov revealed the subsequent step on Friday.
In keeping with Duro, the corporate's tokenization journey now contains plans to tokenize Telegram's stickers and emojis as non-fungible tokens (NFTs).
Telegram plans tokenized stickers
Telegram's initiative follows the outstanding success of tokenized usernames and nameless numbers. Customers can already earn as much as 95% of the income that comes from promoting distinctive usernames.
Tokenization is the subsequent step in Telegram's development, Durov stated, emphasizing the function that blockchain expertise has to play in it. The venture will “solely” use The Open Community (TON) blockchain, Telegram's CEO famous.
Commenting on the success up to now, Durov stated:
“We don't need to keep there. We need to transfer on. You see, we consider in socially related NFTs. We consider in NFTs which might be deeply built-in into human tradition, into human interplay, into our communication. NFTs that you would be able to see tens of billions of occasions and have nice potential to go viral. These are the correct NFTs. Subsequently, the subsequent step we’re going to take is the tokenization of Telegram stickers.”
Toncoin (TON), the native token of the TON blockchain, has surged in current months after Telegram launched its “advert community.” Customers can now pay for adverts on the platform, with the initiative providing channel homeowners and creators a 50% share of advert income.
Earlier immediately, TON value surged to $7.20 amid NFT information. The worth of the token additionally elevated following information that stablecoin issuer Tether had launched its USDT on the TON blockchain.
