Tether Gold

Gold

Telegram, the widely used messaging service, has announced its commitment to The Open Network (TON) blockchain, revealing plans to tokenize emojis and stickers. This step denotes a more comprehensive engagement in blockchain technology, with the goal of forming an interactive and financially inclusive platform.
<h2 id="tokenization-of-digital-assets">Tokenization of Digital Assets</h2>
At the <a href="https://coingape.com/press-releases/token2049-dubai-officially-sold-out-with-10000-attendees-following-unprecedented-demand/" rel="noopener noreferrer nofollow">Token2049</a> conference held in Dubai, Pavel Durov, the founder of Telegram, revealed the plans to tokenize the range of emojis and stickers of the platform. The outcome comes after the tokenization of the user namespace, which was said to have made $350 million in sales. Such a strategy implemented by Telegram is based on the TON blockchain, which should operate these tokenized assets and enable the user to possess, trade, and monetize their digital stickers and emoji.
This is part of a large-scale endeavor to allow users to develop their applications, tools, and businesses right in the Telegram system. This move is intended to encourage a new ecosystem where users can interact with the platform for more than messaging, including commerce and content creation.
<h2 id="telegram-revenue-sharing-and-ad-platform">Telegram Revenue Sharing and Ad Platform</h2>
Along with tokenization, Telegram will change its current revenue model with content creators in which they will receive ad revenue through its Ad Network. Durov emphasized that ad revenue generated from advertisements on broadcast channels would be shared with the channel owners in the proportion of 50%. This approach makes Telegram one of the social media platforms with the most liberal revenue-sharing arrangements.
These changes are encouraged by the use of <a href="https://coingape.com/markets/toncoin-price-forecast-could-tether-collaboration-be-the-key-to-ton-hitting-10/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">TON</a>’s blockchain technology, that is famous for its scalability and capability to process huge transaction volumes. Durov’s idea for a blockchain-related ad market would lead to radical changes in conducting digital advertising, allowing the bypass of the in-app purchase systems through which the major app stores are exerting control.
<h2 id="integration-with-stablecoins-and-payment-solutions">Integration with Stablecoins and Payment Solutions</h2>
Further enhancing its blockchain functionality, Telegram announced the integration of the <a href="https://coingape.com/tether-ceo-says-an-audit-by-a-big-four-giant-is-our-top-priority/" rel="noopener noreferrer nofollow">Tether </a>(USDT) stablecoin and the launch of a gold-pegged stablecoin, Tether Gold (XAUT), on the TON network. This integration fosters smoother transaction functionality inside the application, allowing users and merchants a more flexible way of transacting.
In addition, <a href="https://coingape.com/tether-expands-usdt-support-on-ton-blockchain/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">Telegram </a>has added to its payment means by integrating more than 40 payment providers, Stripe included. This expansion not only diversifies the available payment methods but also enhances the platform’s ability to facilitate commerce, providing a robust infrastructure for users to buy and sell goods and services globally.
Read Also: <a href="https://coingape.com/heightened-us-debt-figures-boost-bitcoin-and-gold-adoption/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">Heightened US Debt Figures Boost Bitcoin and Gold Adoption</a>
The post <a href="https://coingape.com/telegram-to-tokenize-emojis-and-stickers-on-ton-blockchain/" rel="noopener noreferrer nofollow">Telegram to Tokenize Emojis and Stickers on TON Blockchain</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Telegram to Tokenize Emojis and Stickers on TON Blockchain

Table of Contents

Coingape News Media

Other articles published on Apr 19, 2024

BlockDAG Rakes $18.5M in Presale Already, Teases Keynote on the Moon as Dogecoin & Solana Investo...

SEC Files Amended Complaint Against Tron Founder Justin Sun

Staunch Bitcoin Investors Sent A Record $1.7 Billion In BTC To “Accumulation” Addresses As The Cr...

Crypto Assets Recover Hours To Bitcoin Halving: Here’s Why

Crypto Expert Predicts A Narrative Shift Post-Bitcoin Halving

Intel Develops World’s Largest Neuromorphic Computer to Train AI Inspired by Human Brain

Join our free newsletter for daily crypto updates!