Telegram sells usernames value $50 million on the Open Community blockchain



Blockchain


In barely lower than one month, Telegram has bought $50 million usernames on The Open Community, a blockchain that the corporate developed, Telegram founder and CEO Pavel Durov claimed.

Final month, Telegram in October gave customers the power to purchase usernames for its app through a blockchain-based platform referred to as Fragment. The platform lets events purchase obtainable usernames and safe possession on its “The Open Community” blockchain, often known as TON.

When shopping for a reputation, customers pay with the TON cryptocurrency, the native asset of the community. Within the final 4 weeks, Fragment gross sales surpassed $50 million, Durov stated in a Telegram message. Some particular person Telegram usernames have introduced in giant sums of cash on Fragment. For instance, the username @information was auctioned for 994,000 TON, about $1.7 million, per knowledge from the official web site.

Durov stated that in future Fragment will develop past usernames and construct a number of blockchain instruments for Telegram together with crypto wallets and decentralized exchanges. Such companies could also be accessed from inside the Telegram app, Durov recommended.

“Telegram’s subsequent step is to construct a set of decentralized instruments, together with non-custodial wallets and decentralized exchanges for hundreds of thousands of individuals to securely commerce and retailer cryptocurrencies,” Durov stated.




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