Pavel Durov

And he thought for a few days and said, yes, it's possible, but it's not easy.

And we started building it.

We ended up succeeding in developing that technology, but we couldn't release it because...

The SEC, the Securities and Exchanges Commission in the United States, was unhappy with the way the fundraise for Don was conducted.

So we had to abandon the project and the open source community took over.

Luckily, because we constantly conducted those contests for third party developers, there was a thriving community around TON, which now stood for The Open Network, as opposed to its prior name, Telegram Open Network.

And so this project

got eventually launched without our direct involvement.

And it's thriving now because everything we do, like I said, this blockchain-based, tokenized, usernames, Telegram accounts are all based on TON and its smart contracts.

It's the only way for third-party developers and creators

to withdraw the funds that they earn through our revenue sharing programs.

For example, with channel owners, we do a 50-50 split of ad revenues.

It's also the only way to transact on Telegram.

For example, if you want to buy ads on Telegram, you should use Tone.

All the new things we launch, for example, let's say,

gifts that we mentioned earlier which you can define as a reinvented socially relevant NFT integrated into a billion user ecosystem but at the same time available on chain transferable which you can own directly also based on TON incredibly fast growing space we only launched them half a year ago

And now as a result of this Telegram Gifts, Talon has become, I think, the largest of the second largest blockchain in terms of daily NFT trading volumes.

Yeah, I'm a big fan of Snoop.

And that's why when they reach out, suggest to do something together.

So let's launch some Snoop related gifts.