📰 Table Of Contents
Pavel Durov Receives Generous Donation from Notcoin Players
Pavel Durov, the founder of Telegram, has received a generous donation from over half a million players of the viral Telegram-based clicker game called Notcoin.
The players donated a portion of their in-game coins to Durov as a gesture of gratitude for the messaging app that hosts the crypto game.
The donated haul has now surged in value to millions of dollars, and Durov has said he plans to hold onto the tokens until they experience a 100x increase.
Over 552,000 Players Donate to Durov
In February, more than 552,000 players of Notcoin contributed a share of their in-game coins to Durov, resulting in him acquiring over 1.03 billion NOT tokens. This accounts for slightly over 1% of the total Notcoin supply on The Open Network (TON).
As of this writing, the value of these tokens stands at approximately $7.3 million, though it was slightly lower at $6.8 million when Durov made the announcement.
Notcoin’s Market Performance
Notcoin, which launched as this year’s largest gaming token, debuted with a market capitalization of nearly $1.5 billion. Despite experiencing volatility since its launch, the value of NOT currently ranks as the 101st most valuable cryptocurrency by market capitalization, amounting to $746 million.
Impressively, it amassed trading volume worth over $1 billion within the first 24 hours of its launch.
TON Space and Telegram Wallet
Starting in November, TON Space, a self-custodial wallet, will be accessible to Telegram’s global user base without requiring any wallet registration. This feature serves as an extension of the existing custodial version of the Telegram wallet, which has already amassed three million registered users.
However, certain jurisdictions, such as the United States, are currently excluded from the self-custodial wallet due to the country’s increased regulatory scrutiny and the geofencing of numerous crypto apps from the market.
The launch of a new wallet comes as Telegram TON Blockchain has introduced a new feature that enables Telegram users to transfer Tether (USDT).
Future Plans for Notcoin
Having temporarily paused its coin-tapping gameplay in April to prepare for the token rollout, Notcoin is set to relaunch its crypto-earning game. The ultimate goal is for Notcoin to serve as a platform for additional games, aspiring to become the “Netflix of social, viral games,” as described by co-creator Sasha Plotvinov in an interview with Decrypt’s GG in April.
More recently, the team overseeing The Open Network (TON) blockchain also completed its transition into a Swiss non-profit organization.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
