Technology blogger Pavel Federov made a significant gain of $84,750 (equivalent to 15,000 Toncoin) by selling an old Telegram username @pavel on the Fragment platform, a marketplace built on the Toncoin blockchain. This transaction took place on April 23, as revealed by on-chain data. Remarkably, Federov had obtained this Telegram username nine years prior for no cost at all.
After obtaining the Telegram handle @Pavel for himself, the crypto entrepreneur known as @founder presented this collectible to tech billionaire and Telegram CEO Pavel Durov. Notably, @founder is a well-known collector of Telegram usernames with over a dozen accounts such as @babydoge and @memecoins, among others.
“Kudos to Pavel Federov and a big ‘thank you’ to @founder for their generous donation. This act highlights the perks of Telegram users having control over their usernames. In the past 18 months, an impressive $350 million worth of Telegram usernames and anonymous numbers have been purchased by users.”
During this time, Durov mentioned that he bought the Telegram username @Paul for an impressive 10,000 TONs on the Fragment marketplace to prevent further generous donations.
On the TON blockchain, the Fragment platform enables over 900 million Telegram users to earn money from their individual usernames. Anonymously, Telegram members can exchange numbers that aren’t linked to a particular SIM card. Furthermore, the Fragment platform offers opportunities for users to purchase ads on public Telegram channels and access premium Telegram content with payment.
Telegram Social Platform Evolves to a Major Web3 Hub via Toncoin
Previously mentioned by Coinspeaker, the economy of Toncoin is deeply connected to Telegram. The digital asset Toncoin (TON) has become one of the top ten valuable cryptocurrencies, with an estimated market worth of around $28.9 billion. As per recent market statistics, the TON price hovered around $5.72 during early trading in New York on Tuesday, marking a 15% increase over the past four weeks.
Some notable web3 investors, such as Animoca Brands, Blockchain.com, Fireblocks, HashKey, OKX, and Bybit exchange, have invested in the Toncoin network.
More recently, USDT, the biggest stablecoin backed by the US dollar, became available on The Open Network, having already been minted in over $60 million worth on the blockchain. Consequently, Telegram users can now effortlessly transfer and receive USDT through their accounts at a near-instantaneous pace.
Market Picture
In simpler terms, the value of the web3 sector has expanded to reach over a trillion dollars, driven by institutional investors looking to convert real-world assets into digital tokens (RWA). The Toncoin initiative is particularly advantageous in this thriving cryptocurrency market, having already surpassed the likes of Cardano (ADA) and poised for additional growth during the ongoing bull run.
The Toncoin initiative has welcomed several Gamified projects like Notcoin (NOT), which have drawn in large numbers of players in a short timeframe. In contrast to other cryptocurrencies, Toncoin holds potential for more rapid expansion over the next few months.
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2024-04-23 18:49