Crypto Beginner

Telegram founder moots new marketplace to sell usernames

TON and Telegram

Encrypted messaging app Telegram is planning to launch a new marketplace to utilize NFT-like smart contracts to auction popular usernames. Telegram founder Pavel Durov announced the news on the messaging platform yesterday.

The success of the recent auction conducted by TON seems to be the inspiration behind the NFT-like smart contract, according to the message on the platform. Durov also talks about integrating TON-like technology on Telegram to its 700 million users, evaluating its success and possibilities given Telegram’s vast user base. Moreover, he stated that the potential marketplace could include elements of the Telegram ecosystem, like channels, stickers, or emojis, shortly. As the Telegram team has already worked on the original smart contract of TON, Durov is confident that the team will be able to pull it off again.

While the new marketplace might still be in the works, TON jumped around 10% after Durov’s message on Telegram.

TON and Telegram: Uneasy ties

TON, short for The Open Network, was initially known as Telegram Open Network and was developed originally by the Telegram team. The blockchain shares a bitter history with its original creator, the Telegram team. TON started as a blockchain and a crypto for the messaging platform Telegram. Through TON, Telegram would integrate crypto payment to its 700 million users. However, TON soon ran into trouble with the United States Securities and Exchange Commission.

Subsequently, the project was abandoned by the creator with its open-source made available to the public. A separate project known as Free TON emerged from the available open-source data, and TON was renamed The Open Network. Today, it operates independently of Telegram.

FAQs

Who is the real owner of Telegram?

The real owner of Telegram is Pavel Durov, a Russian-born entrepreneur. He co-founded Telegram with his brother Nikolai Durov in 2013. As of now, Pavel Durov is the founder and owner of the messaging app, which boasts over 700 million monthly active users worldwide.

How much is Pavel Durov worth?

As of various sources, Pavel Durov’s net worth is estimated between $11.5 billion and $15.1 billion. Forbes mentions a net worth of $11.5 billion as of the latest available data[2]. However, other sources, such as paycheck.in, state a net worth of $15.1 billion as of 29 September 2022

Who is the richest man in Telegram?

Pavel Durov is considered the richest person associated with Telegram, with a net worth estimated between $11.5 billion and $15.1 billion by various sources. He is the co-founder of Telegram and has been recognized as the richest person in the United Arab Emirates in 2022.

Is the Telegram channel profitable?

Yes, a Telegram channel can be profitable, but the earnings vary widely based on several factors. The potential profitability depends on factors such as niche, audience size, engagement, and monetization strategies. Telegram channels can generate income through various means, including sponsored content, affiliate marketing, selling products or services, and even creating paid subscription channels. The amount a Telegram channel earns is not fixed and can differ significantly based on the content quality and the demographics of the audience.

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