Names reserved by the Telegram team, such as @chat, @bank, @cryptotrader and others, are posted on the platform. Auctions last a week from the first bid. So far, the maximum bid is for the name @casino - 50 thousand TON ($95,500), followed by @bank with a bid of 35 thousand TON ($66,800) and @auto - 15 thousand TON ($28,600).
The lowest bid varies depending on the user name size. The starting price of the user name from 4 letters is 10 thousand TON (about $19 thousand). The minimum price for names with more characters starts from 500 TON ($950).
Pavel Durov announced plans to launch Web3-marketplace in late August. Further parts of Telegram's ecosystem, including channels, stickers or emoticons, could also be part of that market later, the Telegram creator said.
