Telegram username auction marketplace 'almost' ready to launch

The fashionable messaging app Telegram has developed a caller marketplace that doesn’t impact nonfungible tokens (NFTs). The societal messaging level said that it is each acceptable to motorboat its marketplace for auctioning unsocial usernames for societal platforms, an thought archetypal floated successful August.

In an authoritative announcement connected its Telegram channel, the steadfast said that the improvement signifier of the marketplace is adjacent its end. The marketplace is based connected its autochthonal blockchain called The Open Network (TON).

The thought was archetypal teased by the institution laminitis Pavel Durov successful precocious August this twelvemonth erstwhile helium projected a marketplace that could utilize “NFT-like astute contracts” to auction highly-sought aft usernames. Durov made the proposition aft the “success” of domain sanction auctions by The Open Network (TON), a layer-1 blockchain primitively designed by the Telegram team.

Durov said astatine the clip that a caller marketplace, wherever username holders could transportation them to funny parties successful protected deals — with ownership secured connected the blockchain via NFT-like astute contracts, could go a sought-after work successful Web3. He added that different elements of the Telegram ecosystem, including channels, stickers, oregon emojis, could aboriginal besides go portion of this marketplace.

Telegram didn’t respond to Cointelegraph’s requests for comments astatine the clip of publishing.

Related: ‘Unique phenomenon’: All 5B toncoins mined connected PoS TON blockchain

Telegram started its Web3 and crypto endeavor with hopes of launching a integer payments level for Telegram. However, similar galore different platforms from the archetypal coin offering (ICO) era, Telegram besides ran into occupation with the United States regulators for the unregistered merchantability of its Gram token.

After losing a tribunal conflict against the US Securities and Exchange Commission successful 2020, Durov stepped distant from the task to absorption connected Telegram. Since then, open-source developers person revived the task nether the banner of The Open Network.