- Telegram co-founder and CEO Pavel Durov announced the plan at Token2049 Dubai.
- The tokenization project uses the TON blockchain.
- Toncoin price rose as TON Foundation and Tether partnered to bring USDT to the TON blockchain.
Telegram has taken an important step in the adoption of blockchain technology with new efforts announced today. Token2049 Dubai.
Pavel Durov, co-founder and CEO of the popular messaging app, revealed the next steps on Friday.
According to Durov, the company’s tokenization journey now includes plans to tokenize Telegram stickers and emojis into non-fungible tokens (NFTs).
Telegram Plan Tokenized Stickers
Telegram’s plans follow the notable success of tokenized usernames and anonymous numbers. Already, users can earn up to 95% of the revenue from selling unique usernames.
Durov said tokenization is the next step in Telegram’s growth, emphasizing the role blockchain technology will play here. The Telegram CEO said the project will “exclusively” utilize The Open Network (TON) blockchain.
Durov commented on the success recorded so far:
“We don’t want to stay there. We want to go further. As you can see, we believe in socially relevant NFTs. We believe that NFTs are deeply integrated into human culture, human interaction, and communication. It is an NFT that can be viewed tens of billions of times and has a high potential to spread virally. This is the right NFT. That is why the next step we will take is to tokenize Telegram stickers.”
Toncoin (TON), the native token of the TON blockchain, has soared in recent months after Telegram launched its ‘ad network’. Users can now pay for advertising within the platform through an initiative that gives 50% of advertising revenue to channel owners and creators.
Earlier today, NFT news caused the price of TON to surge to $7.20. The value of the token also rose after stablecoin issuer Tether broke the news. USDT has been launched on the TON blockchain..