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Cryptocurrency News Articles
Non-Fungible Tokens (NFTs) Experience 400% Growth on Telegram Messaging App Platform
Oct 18, 2024 at 06:07 pm
According to Cointelegraph, non-fungible tokens (NFTs) are experiencing significant growth on the Telegram messaging app platform.
Non-fungible tokens (NFTs) are experiencing significant growth on the Telegram messaging app platform, with a 400% surge in activity during Q3 2024.
According to a report by Web3 data provider Helika, the number of unique wallets transferring NFTs daily on Telegram increased from less than 200,000 in July to over one million in September.
The report highlights the high level of activity among Telegram gamers in purchasing, sending, and using NFTs within games.
“Not only are Telegram gamers creating wallets, but they are also actively engaging with NFTs. This showcases a dynamic and vibrant level of interaction within the Telegram games ecosystem,” the company stated.
In September, across nine Telegram games, over three million active wallets were recorded.
Moreover, Telegram gamers are spending more time engaged in playing games on the platform.
The average gaming session for a user increased from 2.8 minutes in August to 6.7 minutes at the beginning of October, as reported by Helika.
The growth is attributed to the more immersive experiences offered by the platform.
One of the most popular games on Telegram, Hamster Kombat, is also embracing NFTs.
On September 25, the game, which has already surpassed 300 million users, announced its plans to integrate NFTs.
The Web3 clicker game will launch new games within its ecosystem and integrate NFTs as in-game assets.
As per its roadmap for the rest of 2024 and 2025, Hamster Kombat will be integrating NFTs in its Season 2 in November.
On October 17, the game released a trailer for its second season, teasing a new storyline where players can simulate becoming CEOs of their own companies.
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