FinTech news in Pavel Durov category

Telegram announced today that will it hold an auction for usernames — for both individual accounts and channels — through a marketplace built on top of the TON blockchain. In 2018, the company hatched up plans for Telegram Open Network (TON) blockchain project and an initial coin offering (ICO). After Telegram stopped working on TON, various independent groups continued the development with Toncoin getting backing from Durov and winning the rights to ton.org website in 2021. Users will be able to log into the site using Telegram, the tonkeeper app, or their TON-based wallets.