Telegram Stickers and Emojis to Become TON Chain NFTs
Pavel Durov, the CEO of the messaging app Telegram, recently announced during the Dubai Token 2049 event that the company is planning to convert its platform’s stickers and emojis into non-fungible tokens (NFTs) and store them on the TON blockchain.
In other words, users will be able to trade or collect stickers and emojis in the form of NFTs, similar to purchasing LINE stickers. With this update, Telegram aims to further integrate its messaging app with the TON ecosystem and expose more users to blockchain technology.
Durov mentioned that stickers are highly popular on Telegram, with over 700 billion stickers shared every month. This demonstrates that stickers and emojis are essential elements of user interaction on Telegram.
Additionally, the stablecoin USDT has recently expanded to the TON network, providing opportunities for its 900 million users to engage with blockchain technology.
“We believe that NFTs should be deeply integrated into human culture, social interaction, and our way of communication. These NFTs will be viewed billions of times and have the potential to rapidly expand through viral transmission. This is why we are tokenizing Telegram stickers,” said Durov.
USDT, the largest USD-pegged stablecoin, expands to the TON blockchain
In addition to tokenizing stickers, Tether, the issuer of stablecoins, has expanded its USD-pegged stablecoin USDT and gold-backed stablecoin XAUT to the TON blockchain. This allows users on the TON blockchain to directly purchase and trade stablecoins.
Moreover, users on Telegram who have not yet delved into Web3 will have the opportunity to access cryptocurrencies with a lower barrier of entry. Stablecoins, as their value is tied to traditional currencies, are easier for users to understand and accept. With over 900 million users, Telegram has the potential to introduce a significant number of people to blockchain technology.
Tether stated that this integration strategy primarily aims to increase activity and liquidity in the TON ecosystem, making it easier for developers and users to access stable funds and use the TON wallet to hold or trade USDT. Paolo Ardoino, the CEO of Tether, believes that this strategy aligns with his goal of “driving open finance infrastructure in the blockchain industry.”
TON is a rapidly growing blockchain that benefits from its close relationship with Telegram. Its native token, Toncoin, has risen by approximately 135% in the past year, solidifying its position among the top 10 cryptocurrencies by market capitalization.
With the continuous integration between the TON ecosystem and Telegram, many in the cryptocurrency community are eagerly watching to see if it will become a key player in the widespread adoption of Web3.
Source:
CryptoSlate
NFTplazas