Since Telegram allows converting gifts to NFTs on the Open Network, the price of tons has increased.
Telegram now allows users to convert digital gifts to NFTs on the TON blockchain. The converted gifts get special features and can be sold or traded as NFTs. The price of the ton rose by 3%, trading at $5.79, up 165% year-on-year.
Open Network (TON) native Toncoin (TON) is experiencing a flurry of activity as Telegram unveils its latest innovation.
The popular messaging app will allow users to convert digital gifts into tradable NFTs on the Open Network (TON), marking another step in Telegram's Web3 journey.
Telegram users can convert digital gifts into TON NFTs that can be sold.
The new feature, part of Telegram's first major update of 2025, lets users upgrade more than 20 existing gifts—like jelly beans, Santa hats, and homemade cakes—into unique collections. These animated artworks and custom messages, introduced in October 2024, can now be traded, sold, or exchanged as new gifts within the Telegram ecosystem or on external NFT marketplaces like GetGames.
To convert a gift into an NFT, users must spend a small amount of Telegram Stars, the platform's in-app currency pegged to Toncoin.
Once upgraded, each collectible gets its own unique features, with a different look, background colors, icons and unique number, ensuring rarity and individuality.
Notably, the launch of crowdfunding gifts isn't Telegram's first foray into blockchain technology. In recent years, Telegram has integrated several crypto-friendly features, including TonSpace, a self-managed wallet, an in-app browser, and decentralized websites and Telegram Stars. .
These initiatives, alongside a small ecosystem of games and applications, have established Telegram as a significant player in the Web3 space.
Toncoin (TON) price has increased.
After a slight dip between December 25th and January 1st, after the release of the new feature, Toncoin's price rebounded.
Despite a 30% retracement from the all-time high of $8.25 in mid-2024, the ton posted a 165% gain, reflecting growing interest in the ecosystem. The token, currently the 15th largest cryptocurrency by market capitalization, is at $5.79, up 3% in the last 24 hours.
Experts believe that Telegram's integration of NFTs and its commitment to improving the Open Network (TON) blockchain could further boost adoption and market value.
Coretone's developer, alias Dr. Groom Doge, highlighted the platform's potential for a broad user base and the sophistication of its applications.
As Telegram continues to innovate, Toncoin looks poised for continued growth fueled by the convergence of social media and blockchain technology.
