Hamster Kombat to Introduce NFTs Amid Record Low September NFT Sales

As reported by Cointelegraph, the immensely popular Telegram-based game, Hamster Kombat, has unveiled plans to incorporate non-fungible tokens (NFTs) as in-game assets. With a massive user base of over 300 million players since its debut, the game has shared its roadmap for the final quarter of 2024 and into 2025. The NFT integration is set to roll out in November, although specific details about the functionality and use of NFTs within the game remain under wraps. Given the game’s popularity, this move has the potential to revive interest in digital collectibles.

Meanwhile, the NFT market witnessed a significant slump in September, with total sales hitting their lowest point since January 2021. The month saw $296 million in sales, reflecting an 81% drop from March and a 20% decline from August. Additionally, the number of NFT transactions fell from 7.3 million in August to 4.9 million in September. However, despite the overall downturn, the average transaction value saw a slight increase, climbing to $60 in September from $50.71 in the previous month.

In other developments, Indonesia's largest postal service, Pos Indonesia, has launched postage stamps integrated with NFTs. Their debut collection features stamps showcasing the “Cenderawasih,” or “bird of paradise,” paired with their digital NFT versions. The initiative aims to blend traditional postal services with blockchain innovation, drawing in both collectors and tech enthusiasts.

In a related interview with Cointelegraph, Decentraland’s head producer, Bay Backner, emphasized how decentralized metaverse platforms could address growing loneliness. Backner pointed out that these platforms foster stronger, more meaningful connections than traditional social media, thanks to the community-driven nature of Web3 and blockchain technologies.

Stay tuned for more insights and developments in the ever-evolving NFT space.

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