Fragment Guide: Telegram Users Can Now Mint Usernames as NFTs
Telegram now allows users to mint their usernames as NFTs, creating a new avenue for digital identity ownership and potential earnings via Fragment.
What’s the significance: This feature leverages blockchain technology to offer users permanent, tradable digital identities, opening new opportunities for monetization and community building within Telegram.
What is a Collectible Username? It is a feature that allows users to mint their own username on the blockchain or buy one.
By the numbers:
- 5%: Transaction fee on Fragment.
- $50 million: Sales of collectible usernames in the first four weeks.
- $350 million: Total sales to date.
- $1.7 million: Price of the username “@news” sold in November 2022.
These usernames are typically short and should be attractive.
- But it should be noted that there is no limit on how long the username could be, only at least three.
- Unlike the usernames off-chain, minted usernames make it permanent and unchangeable.
- However, a Telegram user is not limited to owning one NFT username only.
- They can assign collectible usernames to their personal Telegram profile or to any Telegram public groups and channels they belong to.
Preparing to own a collectible username:
- Step 1: Prepare a TON-based or TON-compatible wallet, including Tonkeeper, MyTonWallet, OpenMask, Tonhub, DeWallet, XTONWallet, TON Wallet, Bitget Wallet, and SafePal.
- Step 2: Prepare $TON for fees.
- Step 3: Go to https://fragment.com/.
- Step 4: Connect the prepared TON wallet and the Telegram account.
How to mint a Collectible Username: As of this writing, minting your own username is unavailable. The only option available to have one is to buy.
- Step 1: Go to https://fragment.com/?filter=sale to execute a direct buy.
- Or go to https://fragment.com/?filter=auction for bidding.
- Step 2: Choose the desired username or search one.
- Put in the offer price for bidding.
- Step 3: Click the “Buy for x” button.
- Step 4: Confirm the transaction.
- Step 5: Assign which account will the purchased username be used.
How to sell a Collectible Username:
- Step 1: On the same home page on Fragment, choose the TON Wallet option.
- Step 2: Choose the “Convert to Collectible” option.
- Step 3: Choose the collectible username to be sold.
- Step 4: Set the sell price or the auction starting bid price.
- Step 5: Wait for the asset to be sold.
Worth reading:
- In June, Telegram launched “Stars,” a utility token for purchasing products, accessing services, and playing games within the app.
- Bitpinas also curated a list of Telegram-based games with ongoing and speculated airdrop campaigns.
This article is a press release sent to BitPinas: Fragments Guide: Telegram Users Can Now Mint Usernames as NFTs
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