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Telegram founder suggests ‘NFT-like smart contracts’ to auctio | Meta & NFT

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

Pavel Durov, the founder of encrypted messaging application 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.

“Imagine how successful Telegram with its 700 million users could be if we put reserved @ usernames, group and channel links for auction,” he said.

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