Telegram to Tokenize Digital Assets Using TON Blockchain

Telegram to Tokenize Digital Assets Using TON Blockchain

In a significant leap towards blockchain integration, Telegram CEO Pavel Durov announced plans for the tokenization of digital assets like stickers and emoticons on the app's platform during the esteemed Token2049 conference in Dubai. The initiative, set to revolutionize how users interact with these popular app features, will be powered by TON (The Open Network) blockchain technology. This move anticipates the introduction of a tipping feature aimed at providing a substantial income stream for content creators. By allowing them to keep 70% of the revenue generated from tips, Telegram is fostering a more lucrative ecosystem for creatives within its rapidly expanding user base. The messaging giant is also setting the stage for in-app transactions by facilitating the purchase of both physical and digital goods directly within the application. Strengthening this vision, Telegram has established partnerships with over 70 payment service providers, including prominent ones like Stripe, ensuring a seamless integration of payment solutions. As Telegram continues to blend cutting-edge technology with user-centric innovations, these enhancements are poised to enhance the overall user experience, providing new monetization avenues and streamlined transaction capabilities right at the fingertips of its diverse, global community. Previously on 19 April 2024, Pavel Durov highlighted the plan to tokenize assets on the Telegram platform using TON blockchain technology, alongside introducing a tipping feature and partnering with payment services. ```