Pavel Durov suggests adding marketplace on the TON blockchain to Telegram

What’s new? Telegram founder Pavel Durov has suggested launching a marketplace to sell domain names of messenger users, as well as links to groups and channels. The auction could be launched on the basis of “NFT-like smart contracts.” Durov added that the platform will be based on the TON blockchain, as it is able to provide scalability and speed for decentralized trading. In addition, the messenger’s team can develop secure smart contracts on TON, as it has previously developed a language to write them. Durov announced this on his Telegram channel.

The full version of the publication

What other statements have been made? Durov suggested imagining how successful Telegram would become with its 700 million users if the option to put for auction reserved user names, links to groups, and channels were implemented. The statement was made against the backdrop of the success of domain name auctions on TON. In mid-July, the team launched the TON DNS service, which allows users to assign human-readable names to crypto wallets, smart contracts, and websites.

According to Durov, Telegram could introduce similar technology to create a new market that could be used to buy and sell memorable t.me addresses, such as @storm or @royal, and four-letter user names, such as @bank, @club, @game, and @gift. The messenger’s founder believes this will create a new platform where name owners can transfer their names to other users in secure trades with ownership secured on the blockchain through NFT-like smart contracts. Other elements of the Telegram ecosystem, including channels, stickers, or emoji, could also become part of this market later, Durov added.

In May, a record level of interest in the Ethereum Name Service (ENS) domain name service was recorded. ENS lead developer Nick Johnson noted that in less than a month, the metrics reached the all-time high for all tracked metrics. According to statistics, the service recorded 304 968 new registrations, 13 260 renewals, and revenue of 3165,85 ETH ($6,5 million at the Binance rate on May 23) in May.