Telegram founder Pavel Durov said that the company expects to hit profitability next year with eyes on going public in the future.
While Telegram is not looking to raise a mega round, the company is open to investment in exchange for smaller equity.
The company also offers ad solutions for one-to-many channels and plans to launch ad revenue sharing with channel owners this month.
Durov told FT that ad solutions currently are limited to certain geographies and the company mandates agencies to spend between €1mn and €10mn.
Apart from these solutions, Telegram has also experimented with blockchain-based projects through the TON foundation.
Bitcoin jumped and Coinbase’s app crashed, while Aptos eyes Hong Kong and Telegram rolls out rewards with TONWelcome to TechCrunch Crypto, formerly known as Chain Reaction.
This week in web3Crunching numbersThis week the crypto market was very hyped up as the two biggest cryptocurrencies by market capitalization, bitcoin and ether, both jumped about 23.6% and 18%, respectively, on the week, according to CoinMarketCap data.
The total crypto market cap increased 19.4% over a seven-day period to $2.34 trillion.
Our favorite ‘Crypto Twitter’ postICYMI, last week a lot of crypto people were tweeting about emails from Satoshi Nakamoto, the creator of Bitcoin.
In June 2022, Magic Eden raised $130 million in a Series B round that granted it unicorn status.
An engineer by training, Meyerowitz leans heavily on that concept at Clairity Technology, the direct air capture startup he founded in 2022.
The company is currently working on the next size up, which should be able to capture one metric ton per year.
Clairity is one of the latest entrants into the direct air capture (DAC) market, where companies compete to remove carbon dioxide from the atmosphere at the lowest cost.
He and his team, now eight strong, have designed a box that’s “good enough” to capture carbon dioxide over 80% purity, he said.
By using carbon dioxide as an ingredient, “it improves the quality of the concrete.
