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Cryptocurrency News Articles
NFT Usage Grows on Telegram as Users Increasingly Engage With Web3
Oct 18, 2024 at 06:07 pm
As Telegram users increasingly engage with Web3, non-fungible tokens (NFTs) are gaining traction on the messaging app platform.
Telegram users are increasingly engaging with Web3, and non-fungible tokens (NFTs) are gaining traction on the messaging app platform.
A report by Web3 data provider Helika showed that NFT activity on Telegram surged by 400% in Q3’24. According to the “Q3 ‘24 Telegram Games Report” by Helika, the number of unique wallets transferring NFTs daily in Telegram increased from fewer than 200,000 in July to over 1 million in September.
NFT usage grows on Telegram
“Telegram gamers are notably active, purchasing, sending and using NFTs within games,” Helika noted, adding that three million active wallets were recorded across nine Telegram games in September.
Unique addresses transferring NFTs in Telegram. Source: Helika
In addition to the increased NFT activity, Telegram gamers have also been playing longer. According to Helika, the average gaming session for a user increased from 2.8 minutes in August to 6.7 minutes at the start of October.
The growth was attributed to more immersive experiences offered by the platform, the report stated.
Related: NFT holders sue art gallery, alleging it broke metaverse promise
Hamster Kombat to integrate NFTs
One of the most popular games on Telegram is Hamster Kombat. The game went viral after its release and has now surpassed 300 million users.
On Sept. 25, the game revealed its plans to integrate NFTs. The Web3 clicker game said it would launch new games within its ecosystem and integrate NFTs as in-game assets. In its roadmap for the remainder of 2024 and 2025, the game revealed that it would integrate NFTs in its Season 2 in November.
On Oct. 17, the game released a trailer for its second season. Within the trailer, the game developers teased a new storyline involving players becoming CEOs of their own companies.
Magazine: gmoney’s anguish over ‘buying the top’ of CryptoPunks: NFT Collector
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