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- Telegram co-founder and CEO Pavel Durov introduced the plans at Token2049 Dubai.
- The tokenization mission will use the TON blockchain.
- Toncoin value rose as TON Basis and Tether partnered to convey USDT to TON blockchain.
Telegram is taking a significant step in its blockchain know-how adoption with a brand new effort introduced at the moment throughout Token2049 Dubai.
The favored messaging app’s co-founder and CEO Pavel Durov revealed this subsequent step on Friday.
Based on Durov, the corporate’s tokenization journey now contains plans to tokenize Telegram stickers and emojis as non-fungible tokens (NFTs).
Telegram plans tokenized stickers
Telegram’s initiative follows the notable success of tokenized usernames and nameless numbers. Already, customers can earn as much as 95% of income that comes from the sale of the distinctive usernames.
Tokenization is the following step in Telegram’s development, Durov mentioned, highlighting the position blockchain know-how is about to play on this. The mission will “solely” leverage The Open Community (TON) blockchain, the Telegram CEO famous.
Commenting on the success recorded to this point, Durov mentioned:
“We don’t wish to keep there. We wish to go additional. You see, we imagine in socially-relevant NFTs. We imagine in NFTs which can be deeply built-in into human tradition, into human interplay, into our communication. NFTs you could see tens of billions of occasions and have quite a lot of potential to unfold virally. These are the appropriate NFTs. That’s why the following step that we’re going to undertake is tokenizing Telegram stickers.”
Toncoin (TON), the native token of TON blockchain, soared in latest months after Telegram rolled out its ‘Advert Community’. Customers can now pay for in-platform adverts, with the initiative providing a 50% share of ad-revenue to channel house owners and creators.
Earlier at the moment, TON value rose sharply to $7.20 amid the NFT information. The token’s worth additionally gained after information that stablecoin issuer Tether had launched its USDT on the TON blockchain.