Telegram NFT Transactions Soar by 400% in Q3, Driven by Gaming Surge – Cryptoflies News

Non-fungible token (NFT) transactions on Telegram increased by 400% in Q3, according to a report from Web3 data provider Helika. 

The report, titled “Telegram Games Report,” highlights the rapid growth of the platform’s gaming ecosystem. 

Games like Notcoin, Hamster Kombat, and Caitzen have attracted large audiences, with some titles surpassing 100,000 players in just a month. 

The surge in gaming activity on Telegram may be linked to its Telegram Gaming Accelerator (TGA), which has drawn in hundreds of games across various genres.

In September alone, over 3 million active wallets were recorded across just nine games. 

Helika’s data also showed a sharp increase in the number of unique wallets transferring NFTs daily on Telegram. In July, there were fewer than 200,000 unique wallets involved in NFT transfers, but by September, that figure had surpassed one million. 

Transactions mainly involved sending NFTs to friends, purchasing them, or using them within the games.

This spike in NFT activity follows a recent announcement from Telegram CEO Pavel Durov. He revealed that Telegram plans to introduce an NFT conversion feature for its “Gifts,” allowing users to turn digital gifts into NFTs on the TON blockchain. 

Earlier, in April, Durov had previewed plans to tokenize Telegram stickers and emojis using NFTs on the same blockchain during the Token2049 event in Dubai. He described this move as the “next step” for the platform.

Telegram’s exploration of NFTs is not new. In 2022, Durov hinted at the creation of a marketplace that would use “NFT-like smart contracts” to auction popular usernames. This concept eventually led to the launch of Fragment, where users can trade Telegram usernames using Toncoins as the currency.