Telegram Introduces Ad Revenue-Sharing System for Channel Owners on TON Blockchain
In a significant development for the cryptocurrency world, Telegram has introduced an ad revenue-sharing system for channel owners on its native blockchain TON. This move has resulted in a 25% price spike for TON, surpassing the $3,016 mark.
Previously known as Gram, TON is the native cryptocurrency of The Open Network (TON), a decentralized Layer 1 (L1) protocol. With this new feature, Telegram aims to create a mutually beneficial ecosystem where channel owners can be financially rewarded for their efforts.
Telegram’s Plan to Monetize Channels
According to Pavel Durov, CEO of Telegram, channel owners on the platform will be able to receive financial compensation starting next month. This announcement has generated considerable excitement among content creators eagerly awaiting an opportunity to monetize their channels.
With one trillion monthly views generated by broadcast channels on Telegram, there is immense potential for revenue generation. However, only 10% of these views are currently monetized using Telegram Ads, a privacy-focused promotion tool.
Expansion of Telegram’s Ad Platform
Telegram’s ad platform will be available to advertisers in nearly one hundred new countries in March. This expansion will allow channel owners in these countries to receive 50% of the revenue generated from ads displayed on their channels. It incentivizes content creators and drives the growth of Telegram’s ad ecosystem. Telegram CEO Durov further noted:
“To ensure ad payments and withdrawals are fast and secure, we will exclusively use the TON blockchain. Similar to our approach with Telegram usernames on Fragment, we will sell ads and share revenue with channel owners in Toncoin. This will create a virtuous circle, in which content creators will be able to either cash out their Toncoins — or reinvest them in promoting and upgrading their channels.”
All transactions, including payments and withdrawals, will be settled on the TON blockchain. This blockchain is built by the same company that created Telegram, which reported 800 million monthly users as of July 2023.
TON’s Bullish Momentum and Potential for New ATH
When the announcement was made, TON experienced a significant spike, sending its price as high as $3.172. This level had not been seen since November 2023 when the token hit its all-time high (ATH) of $3.215.
The current bullish sentiment surrounding TON, coupled with the potential for wider adoption and use, suggests the possibility of a new ATH shortly. This is further supported by the overall market entering an aggressive bullish phase.
Despite the volatility exhibited by TON, there are no significant resistance levels ahead. Therefore, the outcome of a potential new ATH depends on the ability to sustain the current bullish trend.
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