
Telegram Set to Launch Crypto Exchange, Non-custodial Wallet in Aftermath of FTX Collapse
Instant messaging service Telegram announced that it will launch a crypto exchange and wallet to fix excessive centralization.
Pavel Durov is best known for being the founder of the social networking site VK.
Pavel Durov is a Russian entrepreneur who is best known for being the founder of the social networking site VK, and later the Telegram Messenger. He is the younger brother of Nikolai Durov. Since being dismissed as CEO of VK in 2014, the Durov brothers have traveled the world in self-imposed exile as citizens of Saint Kitts and Nevis. In 2017 Pavel joined the World Economic Forum (WEF) Young Global Leaders as a representative of Finland.
Telegram Messenger
Oct 10th, 1984
Russian
Saint-Petersburg State University
Falletti di Barolo
118
$15.1 B
Telegram - Founder, CEO
VKontakte - CEO & Founder
Instant messaging service Telegram announced that it will launch a crypto exchange and wallet to fix excessive centralization.
According to Durov, Telegram could have a huge success by integrating some features of Web3 to auction off “@ usernames, group, and channel links.”
Telegram recently announced that it topped 1 billion downloads and half a billion monthly active users.
The possible valuation of Telegram may reach $30-$50 billion.
The growing capacity of Telegram is fast putting pressure on the company which keeps accruing costs to maintain its servers and network functionalities.