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Telegram has made a giant leap into web3 by allowing users to convert digital gifts into non-fungible tokens (NFTs). With NFT activity on Telegram surging by 400% during Q3 2024, the messaging app is rapidly becoming a hub for digital collectibles enthusiasts.
In this article, we’ll explore what Telegram NFTs are and how they work, delve into the mechanics of the Telegram Gifts feature, discuss the pros and cons of Telegram NFTs, examine their rising popularity and evaluate whether they’re worth trying.
Key Takeaways:
Telegram NFTs are blockchain-based digital collectibles created from the platform's limited-edition gifts and animated artwork.
Telegram NFTs are traded on The Open Network (TON) blockchain while retaining utility within the messaging app, with ownership recorded and verified on-chain.