Telegram could launch a marketplace for attractive domain names, says Pavel Durov, CEO of Hints

Telegram could quickly provide a market for public sale addresses, said founder Pavel Durov. In a post on his private Telegram channel, which has 651,000 subscribers, Durov recommended that thousands upon thousands of reserved Telegram addresses could be auctioned off as assets on the blockchain. Durov wrote that he was impressed with The Open Community (TON)’s latest sale of over 2,000 ‘.ton’ domains – a sale that totaled 2,392,002 Toncoin, each trading for $1.33 (about 100 rupees) at the time of writing, grossing around $3 million (about Rs. 24 crore).

“Think how profitable Telegram with its 700 million users would be if we put reserved @usernames, group and channel links for sale to the public,” he said.

Durov recommended that Telegram could leverage comparable expertise to roll out a whole new marketplace that could very well be used to buy and promote “eye-catching addresses like @storm or @royal, and all four-letter person names: »

“It could create a new platform where holders of usernames can switch them to events in secure offers – with secure possession on the blockchain by way of good NFT-like contracts. Other components of the Telegram ecosystem, including channels, stickers or emoji, could also later become part of this market,” he added.

Although TON was originally conceived by Telegram, management of the blockchain was handed over to The Open Community group in June 2020. The agency was forced to relinquish possession as part of a settlement agreement with the Securities and Trade Fee (SEC), which filed a criticism of Telegram for allegedly conducting an unregistered securities sale for $1.7 billion in the form of GRAM tokens.

That said, Telegram still has to pay careful attention to the TON blockchain. The messaging platform now allows customers to instantly trade Toncoin through bots that automate actions on the platform. Although Telegram allows these bots, it would not essentially approve them.

The first auctions on TON DNS went live on July 30, and very similar to the “.eth” domains of the Ethereum Identification Service (ENS), the “.ton” variant allows users to easily access for purposes decentralized without having to enter an extended string of letters and numbers of their pocket addresses.

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