Cryptocurrency News

Telegram founder suggests ‘NFT-like smart contracts’ to auction usernames

08/23/2022

Less than a minute

2022.08.23 13:06

Telegram founder suggests 'NFT-like smart contracts' to auction usernames
Telegram founder suggests ‘NFT-like smart contracts’ to auction usernames

Pavel Durov, the founder of encrypted messaging app Telegram, has floated the idea of a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames.

Durov made the suggestion after the “success” of domain name auctions by The Open Network (TON), a layer-1 blockchain originally designed by the Telegram team. The blockchain project launched the TON DNS service enabling users to assign human-readable names to crypto wallets, smart contracts, and websites in mid-July.

08/23/2022

Less than a minute

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