Telegram’s Bold Leap: From Messaging App to Crypto Empire

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.