Non-fungible token (NFT) transactions on Telegram elevated by 400% in Q3, in response to a report from Web3 information supplier Helika.
The report, titled “Telegram Games Report,” highlights the fast development of the platform’s gaming ecosystem.
Video games like Notcoin, Hamster Kombat, and Caitzen have attracted massive audiences, with some titles surpassing 100,000 gamers in only a month.
The surge in gaming exercise on Telegram could also be linked to its Telegram Gaming Accelerator (TGA), which has drawn in a whole lot of video games throughout numerous genres.
In September alone, over 3 million energetic wallets have been recorded throughout simply 9 video games.
Helika’s information additionally confirmed a pointy improve within the variety of distinctive wallets transferring NFTs day by day on Telegram. In July, there have been fewer than 200,000 distinctive wallets concerned in NFT transfers, however by September, that determine had surpassed a million.
Transactions primarily concerned sending NFTs to pals, buying them, or utilizing them throughout the video games.
This spike in NFT exercise follows a current announcement from Telegram CEO Pavel Durov. He revealed that Telegram plans to introduce an NFT conversion function for its “Gifts,” permitting customers to show digital items into NFTs on the TON blockchain.
Earlier, in April, Durov had previewed plans to tokenize Telegram stickers and emojis utilizing NFTs on the identical blockchain throughout the Token2049 occasion in Dubai. He described this transfer because the “next step” for the platform.
Telegram’s exploration of NFTs just isn’t new. In 2022, Durov hinted on the creation of a market that may use “NFT-like smart contracts” to public sale fashionable usernames. This idea finally led to the launch of Fragment, the place customers can commerce Telegram usernames utilizing Toncoins because the foreign money.
