For those who do not know, Pave Durov is the Telegram founder. In today’s world, Telegram needs no introduction. In fact, it has amassed a towering 700 million users. It has emerged as a worthy alternative to various other messaging applications. Therefore, it is quite understandable that the Telegram founder enjoys a great deal of importance in the market. On the other hand, the NFT market is also blooming greatly.
In fact, various famous personalities like Anthony Hopkins and Snoop Dogg have come up with their own NFT collections. Therefore, we can well understand that if the popularity of Telegram works together with that of the NFT market, then it might be a grand event to watch out for.
In fact, recently Pave Durov hinted at the possibility of such a collaboration. However, the Telegram founder is thinking on a different note. As per Durov, he is thinking of launching “NFT-like smart contracts” on Telegram. This process will put the highly-sought after usernames to auction. Now, this is really an innovative idea.
If you wish to know further details about this innovative idea of Pave Durov, then this article is the perfect stop for you. Keep reading this article for a detailed view of what exactly Durov has in his mind.
The NFT-Like Smart Contracts
In fact, this suggestion by the Telegram founder comes right after the success of The Open Network’s domain name auction. The Telegram team has designed The Open Network, which is a layer-1 blockchain. In fact, this project launched the TON DNS service. Using this service, users can give human-readable names to smart contracts, websites and crypto wallets. This service came out in mid-July.
The Telegram founder has a personal Telegram group named Durov’s Channel. Recently in that group, Durov expressed his excitement about the success of the domain name auction of The Open Network. Impressed by the success of the auction, he stated that it would be really exciting if Telegram can arrange an auction of some reserved usernames, channel links and groups. According to him, the auction might turn out to be a grand one with Telegram’s large user base of 700 million users.
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In addition, he also talked about the idea of creating a brand new marketplace for Telegram users, that will enable the possessors of interesting user names to other users. He further added that such transfers will also see the ownership secured on the blockchain through NFT-like smart contracts.
However, a[art from the usernames, groups and channels, the Telegram founder suggested that stickers and emojis might also become parts of the plan. The Telegram team developed TON initially to be Telegram’s digital payments platform. However, soon it landed in some legal troubles involving the United States Securities and Exchange Commission.
In mid-2020, Durov stepped down from the TON project, after losing the legal battle against SEC. After that certain open source developers developed the project under the name of The Open Network. However, at the present, the success of the platform seems to inspire the Telegram founder in a whole new way. Now it remains to be seen if he really implements the “NFT-like smart contracts” on Telegram.