Telegram now allows users to convert digital gifts into NFTs on the TON blockchain. Converted gifts acquire unique properties and can be traded or auctioned as NFTs. TON price is up 3% and trading at $5.79, representing 165% growth since the beginning of the year.
Toncoin (TON), the native cryptocurrency of The Open Network (TON), has seen a surge in activity as Telegram rolls out its latest innovations.
The popular messaging app will now allow users to convert digital gifts into tradable NFTs on the Open Network (TON), a move that marks another step in Telegram’s Web3 journey.
Telegram users can convert digital gifts into tradable TON NFTs
Part of Telegram’s first major update of 2025, the new feature will allow users to upgrade over 20 existing gifts to unique collectibles, including jelly bunnies, Santa hats, and homemade cakes . Introduced in October 2024, these animated artworks and custom messages can now be traded, auctioned, or gifted within Telegram’s ecosystem or on external NFT marketplaces like Getgems.
To convert a gift into an NFT, users must pay a small amount of Telegram Stars, the platform’s in-app currency tied to Toncoin.
When upgraded, each collectible gift gains special attributes such as a unique appearance, background color, icon, and unique number, ensuring its rarity and individuality.
Notably, the launch of collectible gifts is not Telegram’s first foray into blockchain technology. In recent years, Telegram has launched several crypto-friendly features such as TON Space, a self-custody wallet, an in-app browser for decentralized websites, and Telegram Star, which allows users to purchase digital goods with fiat currency and convert them into Toncoin. has been integrated. .
These efforts, along with a burgeoning ecosystem of mini-games and apps, have solidified Telegram as a key player in the Web3 space.
Toncoin (TON) price increase
After the release of the new feature, Toncoin’s price fell slightly from December 25th to January 1st, before rebounding.
Despite a 30% retracement from its all-time high of $8.25 in mid-2024, TON is up an impressive 165% year-to-date, reflecting growing interest in its ecosystem. The token currently ranks as the 15th largest cryptocurrency by market capitalization and is trading at $5.79, up 3% in the past 24 hours.
Experts believe Telegram’s efforts to integrate NFTs and strengthen the Open Network (TON) blockchain could further drive adoption and market value.
TON’s core developer, known pseudonymously as Dr. Awesome Doge, expressed optimism about the platform’s potential, highlighting its large user base and the increasing complexity of its applications.
As Telegram continues to innovate, Toncoin looks poised for sustained growth, powered by the convergence of social media and blockchain technology.
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