Isabella Chainmore

Isabella Chainmore

Jun 21, 2024

Pavel Durov Reveals New Telegram Blockchain Features

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Pavel Durov Reveals New Telegram Blockchain Features
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

At the Token2049 conference in Dubai, Telegram founder Pavel Durov unveiled a series of groundbreaking blockchain features designed to enhance user engagement and monetization on the platform. These new functionalities are set to integrate Toncoin (TON) more deeply into Telegram’s ecosystem, offering a host of benefits for both users and content creators.

Key Announcements and Features

1. Payments in Toncoin for Advertising

Starting April 19, 2024, Telegram channel administrators can receive payments in Toncoin for advertising. This move marks the beginning of a new era in crypto-driven content monetization, allowing channel owners to directly benefit from their content through blockchain technology.

2. Tipping Content Creators

Next week, Telegram will introduce a tipping feature that allows users to tip channel administrators using Toncoin. This feature aims to provide content creators with a direct and steady source of revenue, enhancing the economic model for influencers and administrators on the platform.

3. NFT Stickers

Users will soon be able to buy and sell stickers as non-fungible tokens (NFTs) on Telegram. Sticker artists will retain an impressive 95% of the sales proceeds, incentivizing creativity and participation in the digital art market. This feature not only monetizes artistic content but also leverages the popularity of stickers within the Telegram community.

4. Mini-Applications for Content Purchase

Telegram is developing mini-applications where users can purchase digital content using cryptocurrencies. This broadens the scope for creators to generate revenue and for users to engage with exclusive content, further integrating blockchain technology into everyday social interactions.

5. Direct Toncoin Transactions

One of the most user-friendly features is the ability to share Toncoin directly with contacts during conversations. This seamless integration of peer-to-peer transactions within the messaging app simplifies the process of sending and receiving cryptocurrency.

6. Cryptocurrency Wallet Logins

Telegram users will soon be able to log into their accounts using cryptocurrency wallets. This feature enhances security and user control over digital identities, providing a streamlined and secure method of account access.

7. Ownership and Trading of Usernames

Durov also announced that users will be able to register and potentially sell or auction their account usernames. This unique feature allows users to truly own their digital identity, adding a new dimension to personalization and monetization on the platform.

Broader Impact on the Crypto and Social Media Ecosystem

These new features represent a significant step forward in the integration of blockchain technology with social media platforms. By incorporating Toncoin into its core functionalities, Telegram is not only enhancing its utility but also positioning itself as a leader in the adoption of decentralized technologies.

The ability to make payments, tip creators, and trade NFTs directly within Telegram is expected to drive higher engagement and create a more vibrant and economically active community. Furthermore, these innovations make blockchain technology accessible to a broader audience, promoting wider adoption and understanding of digital currencies and decentralized assets.

Conclusion

Pavel Durov’s announcements at the Token2049 conference underscore Telegram’s commitment to innovation and user empowerment. By integrating advanced blockchain features and creating new opportunities for monetization and interaction, Telegram is set to redefine the landscape of social media and cryptocurrency integration. These developments not only benefit Telegram users but also contribute to the broader growth and evolution of the blockchain ecosystem.

As these features roll out, they promise to democratize access to blockchain technology, inspire creative expression, and empower users with unprecedented control over their digital interactions and assets. Telegram’s pioneering efforts in this space highlight the transformative potential of combining social media with decentralized financial systems, setting a new standard for the future of digital communication and commerce.