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April 23, 2024

Telegram Announces Ambitious Blockchain Integration with TON, Tokenising Stickers and Emojis to Boost User Interaction

In Brief

Pavel Durov, Telegram’s creator, pledges to use The Open Network blockchain for future expansion and digital innovations, emphasising freedom, privacy, and decentralised technology.

Pavel Durov, the creator of Telegram, is dedicated to a visionary future for the messaging app, utilising The Open Network (TON) blockchain to extend capabilities and roll out the latest digital innovations. He underlined Telegram’s dedication to advancing freedom, privacy, and decentralised technology in his statement at the Token2049 conference in Dubai.

New Features: Stickers and Emojis and Revenue Sharing

Telegram has revealed intentions to use the TON ledger to have emojis as tokens and stickers on the app. This calculated action comes after a profitable trial of tokenising user namespaces that brought in over $350 million in revenue. Emojis and stickers that have been tokenised might change how people engage with media by giving them access to exclusive, marketable digital records.

Among the most noteworthy aspects of the press release is the profit-sharing mechanism for the authors. By providing channel administrators and authors who use the TON network half of the income from channels and advertisements, Telegram hopes to deepen its relationship with its users, as opposed to other social media platforms, which provide information about users for sale to advertisers. By offering one of the largest programs in social media history, Telegram is proving that it is committed to supporting its users and content creators.

The Open Network (TON) and Blockchain Integration

An important component of Telegram’s ledger approach is The Open Network (TON). TON was once created by Telegram, but a legal dispute with the US SEC led to its transformation into an open-source project. Since its founding in May 2021, the TON Foundation has spearheaded the company’s expansion.

TON’s scalability—it can handle tens to hundreds of millions of operations in the future—is a big benefit. In order to manage the growing amount of operations as Telegram rolls out new features and grows its blockchain-based services, this flexibility is essential.

Tether stated the introduction of Tether Gold (XAUT), a stablecoin supported by gold, and USDT on the TON network after Durov’s speech at Token2049. This partnership with Tether demonstrates how TON is becoming more widely accepted and an opportunity for the growth of Telegram’s economy. Stablecoins’ incorporation into TON expands the network’s usefulness by giving users access to widely recognised and reliable virtual money for payments.

Addressing In-App Purchase Limitations

The restrictions placed on transactions within the app are also addressed by Telegram’s network interface. Telegram may reduce these limitations by utilising a blockchain platform, giving developers and retailers more freedom. For the purpose of making the selling of tangible items and services easier, the platform has integrated forty payment agents. Telegram is able to get beyond the limitations of conventional app ecosystems because of this strategy.

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About The Author

Viktoriia is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.

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Viktoriia Palchik
Viktoriia Palchik

Viktoriia is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.

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