Telegram Unleashes NFT Power: Turning Digital Gifts into Unique Collectibles
Imagine being able to turn your favorite digital gifts into one-of-a-kind collectibles that you can trade, auction, or gift to friends. Sounds exciting, right? Well, Telegram just made this a reality. The popular messaging app has rolled out a new feature that lets users convert digital gifts into tradable NFTs (non-fungible tokens) on the TON blockchain. This move marks another significant step in Telegram’s Web3 journey, and it’s already causing a buzz in the crypto world.
How Does it Work?
The new feature allows users to upgrade over 20 existing digital gifts, such as Jelly Bunny, Santa Hat, and Homemade Cake, into unique collectibles. These animated artworks and custom messages can now be traded, auctioned, or gifted anew within Telegram’s ecosystem or on external NFT marketplaces like Getgems. To convert a gift into an NFT, users need to spend a small amount of Telegram Stars, the platform’s in-app currency tied to Toncoin.
What Makes These NFTs Special?
Once upgraded, each collectible gift gains exclusive attributes, including a distinct appearance, background colors, icons, and a unique number, ensuring its rarity and individuality. This means that no two NFTs are alike, making them truly unique and valuable.
Telegram’s Web3 Journey
This isn’t Telegram’s first foray into blockchain technology. In recent years, the platform has integrated several crypto-friendly features, including TON Space, a self-custody wallet, an in-app browser for decentralized websites, and Telegram Stars, which allow users to purchase digital goods with fiat and convert them into Toncoin. These initiatives, alongside a burgeoning ecosystem of mini-games and apps, have cemented Telegram as a significant player in the Web3 space.
Toncoin Price Surges
Following the release of the new feature, Toncoin’s price has rebounded after a slight dip between December 25 and January 1. Despite a 30% retracement from its all-time high of $8.25 in mid-2024, TON has gained an impressive 165% year-to-date, reflecting growing interest in its ecosystem. The token, currently ranked the 15th largest cryptocurrency by market capitalization, is trading at $5.79, up 3% over the last 24 hours.
What’s Next for Toncoin?
Experts believe that Telegram’s integration of NFTs and its commitment to enhancing The Open Network (TON) blockchain could further drive adoption and market value. With a massive user base and increasing complexity of its applications, Toncoin appears poised for sustained growth, underpinned by the convergence of social media and blockchain technology.
The Future of NFTs and Social Media
As Telegram continues to innovate, it’s exciting to think about the possibilities of NFTs in social media. Will we see more platforms follow suit? How will NFTs change the way we interact with digital content? Share your thoughts in the comments below!
Source: Coinjournal.net
The post Telegram Launches NFT Gifts on TON Blockchain, Boosting Toncoin Price first appeared on CoinBuzzFeed.
