Telegram is increasing its blockchain capabilities by changing limited-edition Presents into NFTs.
The newly launched Presents characteristic permits customers to ship customized messages and convert them into Stars.
Regardless of the broader NFT market stoop, Telegram is assured in the way forward for NFTs and digital possession.
In line with current statements from Telegram CEO Pavel Durov, the messaging service is gearing as much as develop its blockchain capabilities with a brand new non-fungible token (NFT) characteristic. That is after the platform launched its “Presents” characteristic, which lets customers ship animated photographs inside a customized message to their contact on October 5. These Presents could be displayed in your consumer’s profile web page or have them transformed within the platform’s in-app foreign money, Star.
Supply: Picture by Telegram
Presents introduces some new interactivity, on prime of the social options that platform has. Launched earlier this yr in June, customers who obtain Presents at the moment are in a position to share them on their profile or convert them into Stars. Already, stars are additionally getting used for initiating funds on Mini Apps inside Telegram and supporting creators.
NFT Integration On Telegram
Along with Durov’s announcement that some limited-edition Presents will quickly be capable of be transformed into NFTs, this new characteristic stands out. On his official Telegram channel, he revealed this plan and defined that later this yr, customers will be capable of flip some restricted provide Presents into NFTs on the TON blockchain.
That is additional proof of Telegram’s ongoing work to achieve combine blockchain into its ecosystem by offering uniques methods how consumer can work together and monetize digital content material. Transformed into NFTs, these Presents are then tradeable exterior of Telegram, creating a big step towards totally integrating platfrorm into the Web3 area.
NFT Market Faces Challenges
NFTs are going by a tough interval within the wider market, and issuing tokens onto the blockchain quite than creating them on the community utilizing the system’s native…