The post NFT activity on TON gets a boost from Telegram gifts appeared on BitcoinEthereumNews.com.

TON chain aims to reboot NFT, after launching Telegram gifts. Users can apply Stars to transform a gift into an NFT, boosting its value and making it transferable on-chain.  TON chain is growing its NFT activity, almost catching up with Bitcoin ordinals. The activity is based on Telegram gifts, which start out as images but can be minted as NFT. TON is a relatively new hub for NFT and is still niche compared to more established chains. However, TON NFT markets are in their rapid expansion chain, while older networks retain a fraction of their volumes.  In the past 24 hours, TON showed its ability to carry an active NFT market. Performance may vary, but the consensus is TON is just starting out with a new wave of NFT. The emergence of a new NFT activity and the minting of collectibles may offset the lowered traffic on TON chain. TON expanded its NFT activity after establishing even closer connections to Telegram. The chat app added Gifts and a new in-app asset, Stars. A gift can still be traded or sent out, but Stars allow it to be minted into an NFT and traded on-chain.  Stars can reach all Telegram users, especially those interacting with mini apps. Telegram estimates up to 400M users seek out mini apps and games. Telegram stars make use of the TON blockchain but are also compatible with the Apple Store and Google Appstore. The assets can support creators, make in-app purchases, and are used to trade Gifts as NFT. Upgrading a gift costs a relatively small amount of Stars, which is used to cover network fees. Stars can be bought at $0.016, with fees for purchasing through app stores. Later, the NFT can appreciate and trade on the secondary market.  The recent NFT boom may revive…

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Filed under: News - @ February 14, 2025 12:26 am