• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, September 26, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Telegram’s Web3 ‘Enhancements’ Built On Old Foundations

August 25, 2022
in NFT News
Reading Time: 3 mins read
A A
Telegram’s Web3 ‘Enhancements’ Built On Old Foundations
ShareShareShareShareShare

Related articles

BAPE x BAYC Join Forces for Next-Level Streetwear Attire

BAPE x BAYC Join Forces for Next-Level Streetwear Attire

September 26, 2023
Bored Ape Yacht Club to Unveil BAPE Collection at ApeFest

Bored Ape Yacht Club to Unveil BAPE Collection at ApeFest

September 26, 2023

The CEO of Telegram, Pavel Durov, recently indicated that a new series of Web3 improvements are soon on the way to the messaging platform. Durov also mentioned the future of a username and channel link marketplace where users could use them much like Ethereum Name Service addresses.

While digital companies are waking up to the benefits of Web3, NFTs (non-fungible tokens), and other crypto-related platforms, the potential for what these digital marketplaces can do for corporations is still in the air. Telegram is one of the cryptosphere’s most trusted messaging services. Web3 enhancements make a lot of sense.

The TON network saw over 2,000 domains sell, with some going at prices higher than a quarter of a million dollars. Unfortunately, Telegram abandoned its TON blockchain project in 2020 because of a restraining order brought on by the U.S. Securities and Exchange Commission (SEC) for selling unregistered securities. However, Telegram is still involved with the TON network and it seems Durov wants to replicate where TON went right.

The CEO stated, “If TON has achieved these results, imagine how successful Telegram with its 700 million users could be if we put reserved @ usernames, group, and channel links for auction.”

Creating a Web3 marketplace would allow users that currently own Telegram usernames to sell these to third parties while receiving payments for digital property, like users selling NFTs. Group names can also be included with their identities purchased by companies or third-party dealers. There is also the possibility of sticker packs and emojis also being in the mix.

Durov said Telegram will build the new enhancements on the foundations of TON, which would speed up getting the platform online. The company knows smart contracts’ infrastructure as it was originally built by Telegram.

“When it comes to scalability and speed. TON probably has the best technology to host such decentralized sales…we are inclined to try out TON as the underlying blockchain for our future marketplace,” Durov said.

Durov stopped short of offering up any more details. However, he did hint that these improvements could be seen in weeks. Telegram implemented TON into its platform in May 2022 all while allowing users to trade the currency of the TON network, TONcoin.

Ethereum’s Name Service (ENS) has followed the path of conventional domain names and had more than 1.8 million registered users at the end of July 2022. July saw 378,000 .eth domains registered, and garnered a monthly record of 5,400 Ether (Eth) in revenue. The month also had OpenSea volume above 99%.

Nick Johnson, founder and head of the development team of ENS, highlighted the initial goal of the project and the success that followed. Johnson mentioned two plans held above all others, which were naming Ethereum accounts and decentralized resources such as Swarm and Interplanetary File System (IPFS).

In May of this year, a Chinese collector paid over $160,000 for an ENS domain name. The collector purchased the 555.5 ETH domain name for 55.5ETH. This single purchase had a profound effect on the surge in ENS domain total sales from late April into early May.

Credit: Source link

ShareTweetSendPinShare
Previous Post

WakeUp Labs, Kilimo, and Rootstock Team Up for Water Saving NFT Initiative

Next Post

Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam – Economics Bitcoin News

Related Posts

BAPE x BAYC Join Forces for Next-Level Streetwear Attire

BAPE x BAYC Join Forces for Next-Level Streetwear Attire

September 26, 2023

Fusing fashion and crypto art yet again, the Bored Ape Yacht Club (BAYC) is stylishly teaming up with the pioneering...

Bored Ape Yacht Club to Unveil BAPE Collection at ApeFest

Bored Ape Yacht Club to Unveil BAPE Collection at ApeFest

September 26, 2023

Yuga Labs, the entity behind notable Web3 initiatives like Bored Ape Yacht Club, CryptoPunks, Meebits, and 10KTF, has formed a...

Opportunities for Artists and Creators at Decentraland Music Festival 2023

Opportunities for Artists and Creators at Decentraland Music Festival 2023

September 26, 2023

Decentraland, the user-owned virtual platform, is gearing up for its annual Music Festival slated for November 2023. Building on the...

Top 6 Web3 Games Lighting up the Ronin Blockchain

Top 6 Web3 Games Lighting up the Ronin Blockchain

September 26, 2023

Web3-powered games are some of the most popular use cases that have come from blockchain technology. Not only have they...

Rarible and Mantle Reinforce NFT Trading with Mintle Marketplace

Rarible and Mantle Reinforce NFT Trading with Mintle Marketplace

September 26, 2023

The pioneering royalty-friendly NFT marketplace, Rarible, has joined forces with the Ethereum Layer2 (L2) ecosystem, Mantle, to power up Mintle — a...

Load More
Next Post
Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam – Economics Bitcoin News

Moody's States Inflation Is Affecting Economic Recovery in Part of Latam – Economics Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bitcoin Cash Price Prediction for Today, September 18 – BCH Technical Analysis

Bitcoin Cash Price Prediction for Today, September 18 – BCH Technical Analysis

September 18, 2023
SEC, Impact Theory Settle First-Ever NFT Enforcement Action

SEC, Impact Theory Settle First-Ever NFT Enforcement Action

August 28, 2023
Learn how Shiba Inu holders are turning to Bitcoin Spark

Learn how Shiba Inu holders are turning to Bitcoin Spark

September 2, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • XRP Ledger Developer Xumm Reveals “Infrastructure Overhaul,” More Than An Upgrade?
  • A New Era in Crypto Privacy and a Rival to Monero, Dash, and ZCash
  • Pudgy Penguins strikes major IP and merchandising deal with Walmart

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,136.00-0.72%
  • ethereumEthereum(ETH)$1,583.56-0.48%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.09%
  • binancecoinBNB(BNB)$211.680.92%
  • rippleXRP(XRP)$0.50-0.14%
  • usd-coinUSDC(USDC)$1.00-0.09%
  • staked-etherLido Staked Ether(STETH)$1,583.74-0.42%
  • cardanoCardano(ADA)$0.243976-0.53%
  • dogecoinDogecoin(DOGE)$0.060225-1.29%
  • solanaSolana(SOL)$19.14-1.90%
  • tronTRON(TRX)$0.0845360.24%
  • ToncoinToncoin(TON)$2.11-2.71%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • polkadotPolkadot(DOT)$4.00-1.80%
  • matic-networkPolygon(MATIC)$0.52-0.27%
  • litecoinLitecoin(LTC)$63.80-1.14%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.64%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,119.00-0.68%
  • bitcoin-cashBitcoin Cash(BCH)$213.951.35%
  • chainlinkChainlink(LINK)$7.26-3.06%
  • daiDai(DAI)$1.000.00%
  • true-usdTrueUSD(TUSD)$1.00-0.07%
  • leo-tokenLEO Token(LEO)$3.65-3.38%
  • uniswapUniswap(UNI)$4.23-0.68%
  • avalanche-2Avalanche(AVAX)$8.940.42%
  • stellarStellar(XLM)$0.111755-1.16%
  • moneroMonero(XMR)$144.15-0.72%
  • okbOKB(OKB)$42.97-0.15%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • binance-usdBUSD(BUSD)$1.000.02%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.06-1.29%
  • cosmosCosmos Hub(ATOM)$6.96-1.19%
  • hedera-hashgraphHedera(HBAR)$0.049426-1.80%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • filecoinFilecoin(FIL)$3.17-1.21%
  • crypto-com-chainCronos(CRO)$0.049902-0.73%
  • internet-computerInternet Computer(ICP)$2.94-1.82%
  • lido-daoLido DAO(LDO)$1.45-1.48%
  • AptosAptos(APT)$5.39-3.39%
  • makerMaker(MKR)$1,406.248.06%
  • MantleMantle(MNT)$0.390617-0.62%
  • quant-networkQuant(QNT)$85.58-2.81%
  • vechainVeChain(VET)$0.016555-1.37%
  • ArbitrumArbitrum(ARB)$0.820.84%
  • nearNEAR Protocol(NEAR)$1.09-1.83%
  • optimismOptimism(OP)$1.272.08%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.045985-2.56%