Telegram’s Vision for Crypto
At the recent Token2049 conference, Pavel Durov, the celebrated founder of Telegram, shared insights into the future trajectory of the platform, hinting at an ambitious pivot towards becoming a crypto empire. Durov’s address was a testament to Telegram’s commitment to the liberties of communication and expression, and notably, the platform’s openness to the burgeoning world of cryptocurrency advertising.
In a candid moment, Durov humorously remarked, “Telegram is about freedom of communication, freedom of expression, and even the ability to freely advertise crypto scams. But I hope you don’t do that,” emphasizing the platform’s dedication to freedom, yet with a nudge towards ethical practice.
The blueprint for Telegram’s foray into crypto includes a slew of innovative features. Users will soon be able to buy cryptocurrencies and physical assets directly through the app, send financial tips to their favorite content creators, and delve into the world of NFTs by creating and selling their own digital collectibles.
In a move that empowers developers, Telegram plans to roll out tools for the creation of mini-apps and new pathways for monetization. This strategic decision will allocate 70% of in-app sales revenue to developers, while artists will enjoy a generous 95% cut from their sticker and emoji sales. Durov highlighted that with Telegram’s scalable infrastructure and its vast user base, it’s poised to be a prime ecosystem for deploying crypto applications.
One of the conference’s significant announcements was the integration of the popular stablecoin USDT on the TON blockchain. This development is set to seamlessly weave USDT into Telegram’s services, allowing millions of users to easily navigate the crypto landscape. The benefits of this integration are manifold, including fixed transaction fees capped at a mere [cyberseo_openai model=”gpt-4-1106-preview” prompt=”Rewrite a news story for a business publication, in a calm style with creativity and flair based on text below, making sure it reads like human-written text in a natural way. The article shall NOT include a title, introduction and conclusion. The article shall NOT start from a title. Response language English. Generate HTML-formatted content using
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Pavel Durov, the founder of Telegram, spoke at the Token2049 conference. He outlined the project’s future, which has evolved beyond its origins as a messaging app.
BeInCrypto attended the conference to hear his vision and share Durov’s promises to transform Telegram into a crypto empire.
Telegram’s Vision for Crypto
Durov characterized Telegram as a platform focused on to the freedoms of communication and expression, as well as the openness to advertise, including crypto initiatives. He expressed hope that those present were not involved in fraudulent activities.
“Telegram is about freedom of communication, freedom of expression, and even the ability to freely advertise crypto scams. But I hope you don’t do that,” he said.
Looking ahead, Telegram plans to introduce functionalities that will allow the purchase of crypto and physical assets. The goal is to enable users to send tips and donations to content creators, and even create and sell NFTs.
Developers will be provided with tools to create mini-apps and avenues for monetization, transforming Telegram into a robust crypto ecosystem. They will receive 70% of the profits from within-app sales. Meanwhile, artists will receive 95% of profits from sticker and emoji sales.
Durov highlighted that Telegram’s scalability and large user base make it an ideal platform for deploying crypto applications.
Read more: Crypto Telegram Groups To Join in 2024
At Token2049, the organizers officially announced the launch of the stablecoin USDT on the TON blockchain. This integration means that USDT will integrate tightly into all Telegram services, providing millions of users with easy access to the world of cryptocurrencies.
Additional details about the TON and USDT integration include fixed fees capped at $0.15, irrespective of network congestion and trading volume, a focus on retail users, the ability to pay on-chain fees in USDT, and the capability to handle on-chain transactions on a platform with a large audience.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bary Rahman, a talented journalist, graduated from New York University with a degree in Journalism. Skilled in SEO, she has worked with CNN, showcasing her investigative skills and storytelling abilities. In addition to her journalistic accomplishments, Bary has contributed her expertise as a content writer for Binance, crafting insightful articles on the dynamic crypto industry. Her unique fusion of journalism and SEO makes her a versatile and highly respected figure in the industry.Bary Rahman, a talented journalist, graduated from New York University with a degree in Journalism. Skilled in SEO, she has worked with CNN, showcasing her investigative skills and storytelling abilities. In addition to her journalistic accomplishments, Bary has contributed her expertise as a content writer for Binance, crafting insightful articles on the dynamic crypto industry. Her unique fusion of journalism and SEO makes her a versatile and highly respected figure in the industry.READ FULL BIO
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Interested in joining the crypto conversation? Check out: Crypto Telegram Groups To Join in 2024
Disclaimer: Adherence to the Trust Project guidelines is key for BeInCrypto, which strives to uphold unbiased and transparent reporting. This news piece aims to provide accurate and timely information; however, readers are encouraged to independently verify facts and consult professionals before making decisions based on this content. Updates to Terms and Conditions, Privacy Policy, and Disclaimers are noted.
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