Telegram users can buy their pseudonyms thanks to the TON blockchain

Users of the Telegram instant messaging app can now buy usernames through an auction system on the Fragment platform. Some of these usernames, secured on The Open Network (TON) blockchain, are already trading at several hundred thousand dollars.

Telegram adopts TON blockchain for usernames

A little less than 3 weeks after the announcement of this feature, users of the instant messaging application Telegram can now buy their usernames through The Open Network (TON) blockchain.

The news was officially announced today from the Telegram app. Thus, users of the messaging system with more than 700 million active users can obtain one or more pseudonyms in the format “@xxx” via an auction system on the Fragment platform.

Many usernames are already being exchanged for several hundred thousand dollars, like @nike ($480,000), @king ($373,000) or @esport ($258,000). The minimum price is first defined by the current holder of the username, then the various interested parties can proceed to bidding until the sale ends.

Thus, Telegram users can be found via one or more usernames, which can then be assigned by their holders to one or more discussion groups of their choice. Unlike classic usernames, those available at auction can have less than 5 characters to be used on the platform.

The unique property of these usernames is secured by the TON decentralized blockchaininitially developed by the Telegram teams who found themselves forced to sell it in 2020.

In addition, the Telegram press release intended for users of the platform is accompanied by the following message:

“For the first time in the history of social media, people have full ownership of their usernames. Long-time Telegram users who used short usernames that they registered early on can now profit from the growth of the platform by selling their usernames through auctions that are fair, transparent and fully decentralized. »

🔴 LIVE – Follow the FTX deal in real time

Join Experts and a Premium Community


Invest in your crypto knowledge for the next bullrun

toaster icon

Newsletter 🍞

Receive a summary of crypto news every Monday by email 👌

What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky in nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

Leave a Comment