Telegram Launches Non-Fungible Token Gift Trading Platform Running on the TON Blockchain

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On May 9th, Telegram founder – Pavel Durov – announced on his personal channel the implementation of a new platform called Telegram Gift Market. This is a digital gift marketplace in the form of Non-Fungible Tokens, built entirely on the TRON blockchain, allowing users to quickly and easily buy and sell special gifts with each other.

The gifts on Telegram Gift Market are essentially unique Non-Fungible Tokens – digital assets that cannot be copied – with high collectible value and peer-to-peer tradability. Initially, these gifts were sold at very low prices, just a few US dollars. However, over time and with increasing demand and rarity, the value of some Non-Fungible Token gifts on the platform has skyrocketed, even reaching tens of thousands of dollars.

The integration of Non-Fungible Tokens into the Telegram ecosystem demonstrates the application's clear strategy of expanding into the Web3 field. The choice of the TRON blockchain – a high-performance blockchain closely linked with the Telegram community – is a strategic move to maximize the platform's processing speed and scalability in developing decentralized applications (dApp) and Non-Fungible Tokens.

Telegram Gift Market is not just a Non-Fungible Token gift trading platform, but also serves as an extension of the user experience on the Telegram application, where individuals can express their personality, gift digital presents to friends, or even invest in high-value digital collections. The emergence of this market is attracting strong interest from the Web3 user community, Non-Fungible Token collectors, and cryptocurrency investors worldwide.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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