Telegram to Launch ‘Definitely Not NFTs” Username Auctions

Telegram to Launch 'Definitely Not NFTs

Who doesn’t know Telegram or hasn’t used it at least once in its lifetime? Well, the world-famous messaging platform, Telegram, announced that it will be auctioning blockchain-tied usernames found in a Web3 marketplace of its own.

Of course, some might think that these usernames are NFTs. Telegram is here to prove you wrong, as the messaging platform doesn’t like the concept of NFTs because of the bad press, as they say.

In detail, Telegram has developed a new marketplace that doesn’t involve NFTs but is based on its native blockchain, The Open Network (TON). Additionally, the Web3 marketplace will sell its usernames in auctions.

“If TON has been able to achieve these results, imagine how successful Telegram with its 700 million users could be if we put reserved usernames, group and channel links for auction. In addition to millions of catchy addresses like storm or royal, all four-letter usernames could be made available for sale (bank, club, game, gift etc).

Paul Durov, founder of Telegram

This statement comes after Telegram Open Network recently conducted a successful auction of their domain names where ‘casino.ton’ was sold for $2,440,000 and ‘Wallet.ton’ username was sold for $2,600,000. Do you think that this idea will work out for Telegram?