• Telegram co-founder and CEO Pavel Durov introduced the plan at Token2049 Dubai.
• The tokenization mission makes use of the TON blockchain.
• The value of Toncoin has elevated because the TON Basis and Tether have partnered to carry USDT to the TON blockchain.

Telegram is taking a significant step within the adoption of blockchain know-how with new initiatives introduced immediately. Token2049 Dubai.

Pavel Durov, co-founder and CEO of the favored messaging app, revealed this subsequent step on Friday.

Durov stated the corporate's tokenization efforts embrace plans to tokenize Telegram stickers and emojis as non-fungible tokens (NFTs).

Telegram plans tokenized stickers

Telegram's efforts comply with the exceptional success of tokenized usernames and nameless numbers. Already, customers can earn as much as 95% of the income from the sale of distinctive usernames.

Durov stated that tokenization is the subsequent step in Telegram's development and emphasised the position that blockchain know-how will play on this space. The mission will “solely” leverage the Open Community (TON) blockchain, Telegram's CEO stated.

Commenting on the successes recorded to date, Durov stated:

“We don't need to keep there. We need to go additional. You recognize, we imagine in NFTs which can be related to society. We imagine that NFTs are related to human tradition, human We imagine that NFTs are deeply embedded in interplay, communication, and are prone to be considered tens of billions of occasions and go viral. The following step is to tokenize Telegram stickers.

Toncoin (TON), the native token of the TON blockchain, has soared in latest months after Telegram rolled out its “advert community.” Customers will be capable to pay for in-platform promoting, and this initiative will give 50% of promoting income to channel homeowners and creators.

Earlier immediately, the worth of TON soared to $7.20 amid NFT information.Stablecoin issuer Tether We launched USDT on the TON blockchain.