Telegram launches marketplace to auction rare username handles

1 year ago

The fashionable messaging app launched a caller marketplace connected the TON blockchain, connected which it plans to auction disconnected uncommon idiosyncratic handles.

Telegram launches marketplace to auction uncommon  username handles

The fashionable messaging app Telegram announced connected Oct. 26 the authoritative motorboat of its caller marketplace built connected the Telegram Open Network (TON) blockchain. The marketplace volition service arsenic an auction level connected which uncommon Telegram handles volition beryllium up for grabs.

Initially, the thought was mentioned backmost successful August connected app laminitis Pavel Durov’s Telegram transmission aft the TON Foundation successfully auctioned disconnected TON DNS domains.

Telegram volition commencement with auctions of 4 and five-letter handles, with this being the archetypal clip shorter handles volition beryllium made disposable to each users. The auction volition past a week with a terms minimum for a four-character grip apt to beryllium acceptable astatine 10,000 Toncoin, the autochthonal token of the TON blockchain.

Individual Telegram users volition besides person the quality to auction disconnected their ain usernames. According to the announcement, the owners of a peculiar grip volition person the enactment to determination and resell their acquisition crossed respective marketplaces arsenic desired.

Andrew Rogozov, founding subordinate of the TON Foundation believes this improvement volition assistance accelerate blockchain adoption.

“For the archetypal time, societal media users volition beryllium capable to transparently beryllium that they ain their handles.”

Cointelegraph reached retired to Telegram for further comments connected the development.

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Telegram has a ample idiosyncratic basal wrong the combined Web3 and crypto assemblage and has actively made efforts to incorporated Web3 features into its operations.

In 2018 the institution initially announced the improvement of the TON blockchain. However, it had to sever ties with the task owed to a sticky tribunal conflict successful 2020 with the United States Securities and Exchange Commission regarding its $1.7 cardinal archetypal coin offering (ICO).

It past resurfaced arsenic the TON Foundation and picked up momentum successful the space erstwhile more. In April of this year, Telegram Wallet Bot enabled its users to nonstop crypto in-app via the TON blockchain.

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