TON worth soars as Telegram permits conversion of presents into NFTs on The Open Community

• Telegram now permits customers to transform digital presents into NFTs on the TON blockchain.
• The transformed presents acquire distinctive traits and might be traded or auctioned as NFTs.
• TON worth rises 3%, buying and selling at $5.79, with 165% progress year-to-date.

Toncoin (TON), the native cryptocurrency of The Open Community (TON), is experiencing a surge in exercise as Telegram rolls out its newest innovation.

The favored messaging app now permits customers to rework digital presents into tradable NFTs on The Open Community (TON), a transfer that marks one other step in Telegram’s Web3 journey.

Telegram customers can convert digital presents into tradable TON NFTs

The brand new characteristic, a part of Telegram’s first main replace of 2025, lets customers improve over 20 current presents—comparable to Jelly Bunny, Santa Hat, and Home made Cake—into distinctive collectibles. These animated artworks and customized messages, launched in October 2024, can now be traded, auctioned, or gifted anew inside Telegram’s ecosystem or on exterior NFT marketplaces like Getgems.

To transform a present into an NFT, customers must spend a small quantity of Telegram Stars, the platform’s in-app forex tied to Toncoin.

As soon as upgraded, every collectible present beneficial properties unique attributes, together with a definite look, background colors, icons, and a novel quantity, making certain its rarity and individuality.

Notably, the launch of collectible presents isn’t Telegram’s first foray into blockchain expertise. In recent times, Telegram has built-in a number of crypto-friendly options, together with TON Area, a self-custody pockets, an in-app browser for decentralized web sites, and Telegram Stars, which permit customers to buy digital items with fiat and convert them into Toncoin.

These initiatives, alongside a burgeoning ecosystem of mini-games and apps, have cemented Telegram as a big participant within the Web3 area.

Toncoin (TON) worth rises

Following the discharge of the brand new characteristic, Toncoin’s worth has rebounded after a slight dip between December 25 and January 1.

Regardless of a 30% retracement from its all-time excessive of $8.25 in mid-2024, TON has gained a formidable 165% year-to-date, reflecting rising curiosity in its ecosystem. The token, presently ranked the fifteenth largest cryptocurrency by market capitalization, is buying and selling at $5.79, up 3% over the past 24 hours.

Consultants imagine that Telegram’s integration of NFTs and its dedication to enhancing The Open Community (TON) blockchain might additional drive adoption and market worth.

A core TON developer, pseudonymously often called Dr. Superior Doge, has expressed optimism in regards to the platform’s potential, highlighting its large person base and the rising complexity of its purposes.

As Telegram continues to innovate, Toncoin seems poised for sustained progress, underpinned by the convergence of social media and blockchain expertise.