- Telegram co-founder and CEO Pavel Durov introduced the plans at Token2049 Dubai.
- The tokenization venture will use the TON blockchain.
- Toncoin worth rose as TON Foundation and Tether partnered to carry USDT to TON blockchain.
Telegram is taking a big step in its blockchain generation adoption with a brand new effort introduced lately throughout Token2049 Dubai.
The fashionable messaging app’s co-founder and CEO Pavel Durov printed this subsequent step on Friday.
According to Durov, the corporate’s tokenization adventure now comprises plans to tokenize Telegram stickers and emojis as non-fungible tokens (NFTs).
Telegram plans tokenized stickers
Telegram’s initiative follows the notable good fortune of tokenized usernames and nameless numbers. Already, customers can earn as much as 95% of profit that comes from the sale of the original usernames.
Tokenization is your next step in Telegram’s expansion, Durov mentioned, highlighting the function blockchain generation is about to play on this. The venture will “exclusively” leverage The Open Network (TON) blockchain, the Telegram CEO famous.
Commenting at the good fortune recorded up to now, Durov mentioned:
“We don’t want to stay there. We want to go further. You see, we believe in socially-relevant NFTs. We believe in NFTs that are deeply integrated into human culture, into human interaction, into our communication. NFTs that you can see tens of billions of times and have a lot of potential to spread virally. These are the right NFTs. That’s why the next step that we are going to undertake is tokenizing Telegram stickers.”
Toncoin (TON), the local token of TON blockchain, soared in contemporary months after Telegram rolled out its ‘Ad Network’. Users can now pay for in-platform advertisements, with the initiative providing a 50% percentage of ad-revenue to channel homeowners and creators.
Earlier lately, TON worth rose sharply to $7.20 amid the NFT information. The token’s price additionally received after information that stablecoin issuer Tether had launched its USDT on the TON blockchain.