Telegram Prepares To Introduce NFT Conversion Feature For Gifts: Report

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  • Telegram is expanding its blockchain capabilities by converting limited-edition Gifts into NFTs.
  • The newly introduced Gifts feature allows users to send custom messages and convert them into Stars.
  • Despite the broader NFT market slump, Telegram is confident in the future of NFTs and digital ownership.

According to recent statements from Telegram CEO Pavel Durov, the messaging service is gearing up to expand its blockchain capabilities with a new non-fungible token (NFT) feature. This is after the platform released its “Gifts” feature, which lets users send animated images within a custom message to their contact on October 5. These Gifts can be displayed on your user’s profile page or have them converted in the platform’s in-app currency, Star.

Source: Image by Telegram

Gifts introduces some new interactivity, on top of the social features that platform has. Introduced earlier this year in June, users…

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