Telegram To Auction Off Usernames Via Blockchain-based Platform

Would you pay for a username on social media? Telegram is hoping yes. From a report: The messaging app is soon to launch a username auction platform on The Open Network (TON) blockchain, the company said in an official channel on Thursday. Telegram founder Pavel Durov revealed the project in August, citing inspiration from the success of a recent TON auction for their wallet usernames. Some, including "casino.ton," sold for over $200,000. "If TON has been able to achieve these results, imagine how successful Telegram with its 700 million users could be if we put reserved @ usernames, group and channel links for auction," he said. But Durov isn't stopping there. "Other elements of the Telegram ecosystem, including channels, stickers or emoji, could later also become part of this marketplace," he added. Paying for usernames isn't new. Over half a million people have paid for usernames on Ethereum through the Ethereum Name Service (ENS), according to Non Fungible's market tracker. It's not just a web3 phenomenon either. It's becoming harder and harder to get the desired username on platforms like Twitter and Instagram and some people are going to great lengths to obtain them.

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