Telegram CEO Durov Plans to Build Crypto Wallets, Decentralized Exchange
Messaging app Telegram has sold $50 million in usernames in less than a month through its blockchain-based auction platform, Fragment, CEO Pavel Durov said Wednesday. The figure speaks to the success of Telegram’s second go-around at bootstrapping its own crypto infrastructure. Fragment is built atop the Telegram Open Network, a blockchain Durov abandoned under regulatory pressure in 2020 and later returned to after its community kept it alive.Telegram is already a go-to messaging app for many crypto traders, giving it a captive audience from the start.
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