At the Token2049 event in Dubai, Pavel Durov, the creator of Telegram, shared updates on the messaging app’s deeper involvement with The Open Network (TON). He unveiled Telegram’s intentions to enhance its platform with blockchain technology, introducing elements like tokenized custom stickers and emojis.
Revenue Sharing and Tokenization
Telegram is poised to transform the way content creators are rewarded for their online activity. According to Durov, 50% of the platform’s advertising income will be distributed among channel owners and creators who contribute through the TON network.
Telegram intends to utilize TON blockchain, introducing tokenized emojis and stickers as NFTs:— TOBTC (@_TOBTC) April 19, 2024
This action is intended to establish a more balanced sharing system, in stark contrast to other social media sites that primarily generate revenue by selling user information to advertisers.
Telegram’s initiative to tokenize user features on its TON platform has yielded significant revenue through its namespace. Durov underscores the significance of TON’s scalability, an essential trait for managing the anticipated surge in transaction volumes as more platform elements get converted into tokens.
The news breaks at the same time that Tether launches a dollar-stablecoin and a gold-backed token on the TON network, suggesting growing recognition of Telegram’s initial blockchain project. This partnership highlights Telegram’s ambitious plan to utilize blockchain technology to improve user experiences and economic structures within their platform.
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2024-04-19 22:28