Toncoin (TON), the cryptocurrency associated with The Open Network (TON), is witnessing increased activity following Telegram’s recent update that allows users to convert digital gifts into tradable NFTs.
This feature, part of Telegram’s major update for 2025, enables users to transform over 20 existing gifts—like Jelly Bunny and Santa Hat—into unique NFTs, which can be traded or auctioned within Telegram or on external marketplaces such as Getgems.
To create an NFT from a gift, users must utilize Telegram Stars, the platform’s in-app currency linked to Toncoin. Each upgraded collectible gift boasts unique attributes, enhancing its rarity and appeal.
This move is part of Telegram’s broader strategy to integrate blockchain technology, which includes features like TON Space, a self-custody wallet, and an in-app browser for decentralized sites.
Following the announcement of this new feature, Toncoin’s price has rebounded, recovering from a slight dip experienced at the end of December. Despite a 30% decline from its peak of $8.25 in mid-2024, Toncoin has surged 165% year-to-date, currently trading at $5.79.
Experts suggest that Telegram’s NFT integration and ongoing enhancements to the TON blockchain could further boost adoption and market value.
A core developer, known as Dr. Awesome Doge, expressed optimism about the platform’s potential, emphasizing its vast user base and the growing complexity of its applications, positioning Toncoin for continued growth in the evolving Web3 landscape.
