Telegram Creator Recommends 'NFT-Like Wise Agreements' To Auction Usernames - Cointelegraph

Telegram Creator Recommends ‘NFT-Like Wise Agreements’ To Auction Usernames – Cointelegraph

Pavel Durov, the creator of encrypted messaging application Telegram, has actually drifted the concept of a market that might make use of “NFT-like wise agreements” to auction highly-sought after usernames.

Durov made the pointer after the “success” of domain public auctions by The Open Network (TON), a layer-1 blockchain initially developed by the Telegram group. The blockchain task released the TON DNS solution, making it possible for customers to appoint human-readable names to crypto purses, clever agreements as well as internet sites in mid-July.

In a message to his individual Telegram team called Durov’s Channel on Tuesday, he kept in mind that he was “actually thrilled by the success of the public auction TON lately performed for their domain/wallet names.”

” Imagine just how effective Telegram with its 700 million customers might be if we placed scheduled @ usernames, team as well as network web links for public auction,” he stated.

Durov recommended that Telegram might use comparable modern technology to present a brand-new market that can be made use of to deal “appealing addresses like @storm or @royal, as well as all four-letter customer names:”

” This would certainly produce a brand-new system where username owners might move them to interested celebrations in safeguarded bargains– with possession safeguarded on the blockchain by means of NFT-like clever agreements.”

” Other aspects of the Telegram community, consisting of networks, sticker labels or emoji, might later on additionally enter into this industry,” he included.

The very first public auction