{"id":34168,"date":"2022-08-23T04:16:52","date_gmt":"2022-08-23T08:16:52","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=34168"},"modified":"2022-08-23T04:16:56","modified_gmt":"2022-08-23T08:16:56","slug":"pavel-durov-proposes-nft-like-smart-contracts-to-auction-usernames-links","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/pavel-durov-proposes-nft-like-smart-contracts-to-auction-usernames-links\/","title":{"rendered":"Pavel Durov proposes \u2018NFT-like smart contracts\u2019 to auction usernames, links"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-pavel-durov-telegram-s-founder-has-proposed-the-idea-of-a-marketplace-that-would-employ-nft-like-smart-contracts-to-auction-off-popular-usernames-groups-and-channel-links\">Pavel Durov, <a href=\"https:\/\/coinscreed.com\/staging\/telegram-new-feature-enables-users-to-crypto.html\">Telegram's founder<\/a> has proposed the idea of a marketplace that would employ &#8220;NFT-like smart contracts&#8221; to auction off popular usernames, groups, and channel links.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-179.png\" alt=\"Pavel Durov proposes \u2018NFT-like smart contracts\u2019 to auction usernames, links\" class=\"wp-image-34179\" width=\"691\" height=\"389\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-179.png 630w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-179-300x169.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-179-150x85.png 150w\" sizes=\"(max-width: 691px) 100vw, 691px\" \/><figcaption>Pavel Durov proposes \u2018NFT-like smart contracts\u2019 to auction usernames, links<\/figcaption><\/figure>\n\n\n\n<p>The creator of the <a href=\"https:\/\/www.google.com\/search?q=Pavel+Durov+proposes+%E2%80%98NFT-like+smart+contracts%E2%80%99+to+auction+usernames%2C+links&rlz=1C1SQJL_enNG889NG889&sxsrf=ALiCzsabPsrY0RGqxTzhncJ2hEoQv3_Qaw%3A1661241396204&ei=NIgEY-CBDPfc7_UPyP2KkAc&ved=0ahUKEwjg67m6vtz5AhV37rsIHci-AnIQ4dUDCA8&uact=5&oq=Pavel+Durov+proposes+%E2%80%98NFT-like+smart+contracts%E2%80%99+to+auction+usernames%2C+links&gs_lcp=Cgdnd3Mtd2l6EAM6BwgjEOoCECdKBAhBGABKBAhGGABQ3R1YpkhgiV1oAnAAeACAAasCiAGnEZIBAzItOJgBAKABAaABArABCsABAQ&sclient=gws-wiz\" target=\"_blank\" rel=\"noreferrer noopener\">secure messaging service <span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>Telegram, Pavel Durov, has proposed the idea of a marketplace that would employ &#8220;NFT-like smart contracts&#8221; to auction off popular usernames.<\/p>\n\n\n\n<p>Durov made the remark in response to The Open Network (TON), a layer-1 blockchain that was first created by the Telegram team, and its &#8220;success&#8221; in conducting domain name auctions.<\/p>\n\n\n\n<p>In the middle of July, the blockchain project introduced the TON DNS service, which enables users to give human-readable names to websites, smart contracts, and cryptocurrency wallets.<\/p>\n\n\n\n<p>He stated on Tuesday that he was &#8220;very surprised by the success of the auction <a href=\"https:\/\/coinscreed.com\/staging\/the-open-network-ton-foundation-launches-domain-name-service.html\" target=\"_blank\" rel=\"noreferrer noopener\">TON <\/a>recently performed for their domain\/wallet names&#8221; in a message to his private Telegram channel called Durov's Channel.<\/p>\n\n\n\n<p>Imagine how popular Telegram, which boasts 700 million users, could become if we placed reserved @ usernames, groups, and channel connections up for auction, the speaker continued.<\/p>\n\n\n\n<p>Durov proposed that Telegram make advantage of related technology to launch a new market where users could purchase and sell &#8220;catchy t.me addresses like @storm or @royal, and all four-letter user names:&#8221;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThis would create a new platform where username holders could transfer them to interested parties in protected deals \u2014 with ownership secured on the blockchain via NFT-like <a href=\"https:\/\/coinscreed.com\/staging\/israeli-central-bank-experiments-with-cbdc-smart-contracts-privacy.html\" target=\"_blank\" rel=\"noreferrer noopener\">smart contracts<\/a>.\u201d<\/p><\/blockquote>\n\n\n\n<p><br>He continued, &#8220;Other components of the Telegram ecosystem, such as channels, stickers, or emoji, could afterward also join this marketplace.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The TON DNS<\/h2>\n\n\n\n<p>For the TON Virtual Machine and to launch certain smart contracts on the blockchain, the TON network uses the FunC programming language. If Telegram were to introduce NFTs, they would probably be built using this specification.<\/p>\n\n\n\n<p>Given that Durov and his colleagues created TON, originally known as the Telegram Open Network, alongside the messaging app back in 2018, a similar integration for Telegram would probably be pretty simple.<\/p>\n\n\n\n<p>We are tempted to try out TON as the underlying <a href=\"https:\/\/coinscreed.com\/staging\/tencent-obtains-patent-for-blockchain-based-missing-person-poster.html\" target=\"_blank\" rel=\"noreferrer noopener\">blockchain <\/a>for our future marketplace because &#8220;Our team can create bullet-proof smart contracts for TON (because it was us who invented its smart-contract language),&#8221; he wrote.<\/p>\n\n\n\n<p>TON was initially created as a platform for Telegram's online payments. As a result of an unregistered preliminary sale of $1.7 billion worth of Gram tokens, it soon encountered issues with the US Securities and Exchange Commission (SEC).<\/p>\n\n\n\n<p>Midway through 2020, Durov withdrew from the project to concentrate on Telegram after losing the legal battle with the SEC. Since then, the project has been resurrected by open-source developers under the name The Open Network.<\/p>\n\n\n\n<p>The proof-of-stake (PoS) consensus process used by the TON network offers a number of features, including <a href=\"https:\/\/coinscreed.com\/staging\/institutional-staking-wont-take-off-without-asset-lock-up.html\" target=\"_blank\" rel=\"noreferrer noopener\">staking<\/a>, NFTs, and decentralized apps. Toncoin (TON), the company's native asset, has increased 14.70% in value over the previous 24 hours, according to data from CoinMarketCap, and is currently trading at $1.33.<\/p>\n\n\n\n<p>On July 30, the first TON DNS auctions went live. Like the &#8220;.eth&#8221; domains offered by the Ethereum Name Service (ENS), users may now access decentralized applications without having to write a large string of characters from their wallet addresses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pavel Durov, Telegram&#8217;s founder has proposed the idea of a marketplace that would employ &#8220;NFT-like smart contracts&#8221; to auction off popular usernames, groups, and channel links. The creator of the secure messaging service Telegram, Pavel Durov, has proposed the idea of a marketplace that would employ &#8220;NFT-like smart contracts&#8221; to auction off popular usernames. Durov [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":34179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5733,1417,470,11168,11169],"class_list":["post-34168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-telegram","tag-auction","tag-nfts","tag-pavel-durov","tag-username"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-179.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/34168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=34168"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/34168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/34179"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=34168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=34168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=34168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}