NFTs (Non-Fungible Tokens) are trying to get back the hype and catch the attention of Web3 enthusiasts. Recent reports show that Telegram has become a surprising new hub for activity involving these digital collectibles.
Non-fungible tokens create blockchain-based digital certificates for one’s digital collectibles, including games, music, and art, giving the artwork a unique identity.
NFT Integration Advances Telegram Gaming Ecosystem
Helika’s “Q3 ‘24 Telegram Games Report” provided extensive insights into how NFT interactions are advancing on the messaging app. In July, the daily number of unique wallets transferring NFTs on Telegram was below 200,000 but had skyrocketed to over one million by September. This represents a growth of over five times in less than two months.
Against this backdrop, the report showed NFT activity on Telegram surged by a staggering 400% in the third quarter (Q3) of 2024. The rise in activity is largely attributed to Telegram’s ability to seamlessly integrate NFT transactions into its gaming ecosystem.
Based on the research, nine Telegram games attracted three million active wallets in September. Users were also transferring NFTs, and player interaction time increased. In early October, for example, the platform doubled its player interaction, partly ascribed to NFT usage.
Read More: 10 Best NFT Marketing Agencies To Promote Your Digital Art
Taken together, these developments reflect a broader trend of Web3 adoption on Telegram. This is as more users venture into decentralized assets, games, and digital ownership within the messaging app’s TON blockchain.
Meanwhile, the viral tap-to-earn game Hamster Kombat may take the spotlight again in Telegram’s expanding NFT ecosystem. The Web3 c
Go to Source to See Full Article
Author: Lockridge Okoth
