Telegram has released an update allowing users to transform digital gifts into tradable NFTs, utilizing the TON platform and Toncoin cryptocurrency.
Telegram Converts Gifts into NFTs
Telegram's recent update enables users to convert over 20 gifts, such as Jelly Bunny and Santa Hat, into unique NFTs. These digital items can be traded or auctioned within Telegram or on external platforms like Getgems. To create an NFT, users utilize Telegram Stars, the in-app currency linked to Toncoin.
Impact of NFT Integration on Toncoin
Following the implementation of this new feature, Toncoin's price rebounded from a slight dip at the end of December. Despite a 30% decline from its peak of $8.25 in mid-2024, Toncoin has surged 165% year-to-date and is currently trading at $5.79.
Future of Toncoin and the TON Platform
Experts suggest that the NFT integration and new features of the TON blockchain may further drive adoption and market value increases. A key developer, known as Dr. Awesome Doge, expressed optimism about the platform's potential, highlighting its vast user base and the increasing complexity of its applications, positioning Toncoin for continued growth in the evolving Web3 landscape.
The integration of NFT and blockchain solutions in Telegram indicates a strategic use of technology to enhance the value and adoption of Toncoin in the market.
