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The Price Of TONCOIN Surges After Telegram Founder Floats The Idea Of “NFT Like Smart Contracts” To Auction Usernames

Founder of Telegram Pavel Durov teases developing a new marketplace to auction usernames. Durov’s idea appears to have been inspired by TON DNS auction conducted by open network earlier in July

Pavel Durov, the founder of the moment messaging application Telegram has suggested a fresh proven fact that involves developing a marketplace to auction its reserved and special channel usernames.

Telegram Founder Hints At DEVELOPING A New Marketplace To Auction Special Usernames

The telegram founder posted the thought of auctioning reserved usernames on his official channel dubbed the “Durov’s channel” on telegram.

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– db (@tier10k) August 22, 2022

Durov’s notion of auctioning telegram usernames appears to have taken inspiration in the recently held public auction on the open network (TON) where in fact the network had successfully sold special domain/wallet names. Per the state post, the network had sold the wallet.ton username for pretty much $215,250 TON ($260000).

“I’m really impressed by the success of the auction TON recently conducted because of their domain/wallet names. Wallet. ton was sold for 215,250 Toncoin (~$260000) while casino. ton was sold for ~$244000” Durov later added

The open network conducted a particular auction in July dubbed “TON DNS,” that was described as a particular service that enabled users to assign easily readable names with their crypto wallets, smart contracts, and websites.

Seeking inspiration in the TON DNS, Durov teased following a similar project for an incredible number of Telegram users where in fact the platform could develop a marketplace to auction its reserved usernames, groups, and channel links for auction.

“If TON has had the opportunity to attain these results, imagine how successful Telegram using its 700 million users could possibly be if we put reserved @ usernames, group, and channel links for auction. Along with an incredible number of catchy t.me addresses like @storm or @royal, all four-letter usernames could possibly be made available on the market (@bank, @club, @game, @gift, etc). “

Durov further added the way the said ideation would eventually be a part of a more substantial ecosystem, where users can transfer the ownership of these names to other interested parties.

“This might develop a new platform where username holders could transfer those to interested parties in protected deals – with ownership secured in the blockchain via NFT-like smart contracts. Other components of the Telegram ecosystem, including channels, stickers or emoji, could later also become section of this marketplace.” Durov stated

Furthermore, the TONCOIN token appears to have been positively influenced by Durov’s discussion surging of up to 15% at press time. In his telegram post, Durov further added how he was extremely impressed by TON’s scalability and speed, letting the token get some good serious price momentum.

“With regards to scalability and speed, TON probably gets the best technology to host such decentralized sales. We can write bullet-proof smart contracts for TON (because it was us who invented its smart-contract language), so we have been inclined to test TON because the underlying blockchain for the future marketplace. “

At press time, the TON token is sitting at $1.30, up 15%, per the most recent data acquired from Coinmarketcap.