Telegram’s new feature, Gifts, allows users to send animated virtual gifts, which can be displayed on profiles or sold for Stars, an in-app currency. What makes this feature notable is its integration with blockchain technology. Telegram CEO Pavel Durov announced that users would soon be able to convert limited-edition gifts into NFTs on the TON blockchain, making them tradable assets outside the app.

The feature, launched on October 5, has sparked interest due to its potential for collectability and monetization. As part of Telegram’s growing in-app economy, these gifts, once converted into NFTs, can be traded or auctioned, creating a secondary market and boosting their value based on rarity. The NFT conversion tool will be available later in the year.

This development highlights Telegram’s ongoing efforts to integrate blockchain into its platform, positioning it as a leader in social media blockchain adoption. Despite the broader NFT market downturn, this innovation could potentially reignite interest in digital asset trading.

Meanwhile, Toncoin, the native token of the TON blockchain, has seen a rise, currently trading at around $5.35, with a 20% increase in daily trading volume to $177.43 million. Additionally, Toncoin’s Earn Quest Notcoin program is offering participants a share of $40,000 in rewards through The Open League Quest, aiming to engage the crypto community further.

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Source: crypto-news-flash.com

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