What our team does is not just GameFi. Now it's also unique tools for third-party developers.
For example, the protocol “TON Reality Protocol”, developed by us, allows to work with a unique NFT-platform, which allows to load into NFT-model data not only an image, name and other fields of cells, but also a full 3D model. We will implement opcodes for blockchain operations with such structures, documentation, and a buying and selling platform.
We are applying all of these developments in OpenCity. Are you surprised? Soon.
What our team does is not just GameFi. Now it's also unique tools for third-party developers.
For example, the protocol “TON Reality Protocol”, developed by us, allows to work with a unique NFT-platform, which allows to load into NFT-model data not only an image, name and other fields of cells, but also a full 3D model. We will implement opcodes for blockchain operations with such structures, documentation, and a buying and selling platform.
We are applying all of these developments in OpenCity. Are you surprised? Soon.
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
A Telegram spokesman declined to comment on the bond issue or the amount of the debt the company has due. The spokesman said Telegram’s equipment and bandwidth costs are growing because it has consistently posted more than 40% year-to-year growth in users.
