Telegram to Enable NFT Conversion for New Gift Feature 20…

Convert Your Telegram Presents into Blockchain NFTs by Yr-Finish

Telegram is ready to embrace the NFT house with a brand new function that may enable customers to transform digital Presents into blockchain-based collectibles. Whereas an official date hasn’t been introduced, Telegram CEO Pavel Durov confirmed that NFT assist for Presents can be rolled out by the tip of this yr.

Presents and NFT Conversion: A New Period for Telegram Customers

On October 5, Telegram launched the Presents function, which permits customers to ship animated art work and customized messages to their contacts. These Presents are seen on the profile’s Presents tab and can be transformed into the platform’s in-app foreign money, Stars, which was launched in June to assist funds for digital providers and creators on Telegram.

Durov, in a put up on his Telegram channel, additional revealed that a few of these Presents are limited-edition objects. By the tip of the yr, customers may have the flexibility to transform these uncommon, limited-edition Presents into NFTs powered by the TON blockchain.

The Integration of NFTs

As soon as transformed into NFTs, these tokenized Presents may have a life past Telegram. Customers will have the ability to public sale or commerce them exterior of the platform, with possession being recorded on the blockchain. This transfer introduces Telegram customers to the broader Web3 ecosystem, giving them extra management over their digital property.

Hamster Kombat and NFT Assist

Telegram isn’t the one platform inside its ecosystem trying to combine NFTs. Hamster Kombat, a preferred Telegram-based Web3 recreation, introduced on September 25 that it will introduce NFTs as in-game property in November, additional pushing NFT adoption throughout the Telegram group.

NFTs in a Declining Market

Though Telegram’s push into NFTs comes at a time when the general market is experiencing a major gross sales decline, the platform stays optimistic in regards to the future. In September, NFT gross sales quantity dropped to $296 million, the bottom since January 2021.Nevertheless, by integrating NFTs into its platform, Telegram is positioning itself as a key participant in the way forward for digital collectibles.

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