Getgems NFT Marketplace- Telegram Gifts Turn Into NFTs: Getgems Optimistic for Future Adoption
Getgems NFT Marketplace– 2024 has been a challenging year for non-fungible tokens (NFTs), with trading volumes and sales numbers experiencing significant declines. According to blockchain analytics platform DappRadar, NFTs saw their worst performance since 2020, with digital collectibles’ trading volumes dropping by nearly 20%. Despite this downturn, Getgems, an NFT marketplace built on The Open Network (TON), remains optimistic about the future of NFTs, particularly through Telegram’s massive user base.
Telegram’s User Base: A Key Opportunity for NFTs
Getgems sees Telegram’s vast network of 950 million active users as a crucial factor in driving the adoption of NFTs. As Telegram CEO Pavel Durov reported in September, the platform has reached an impressive milestone of 950 million monthly active users. A representative from Getgems told Cointelegraph, “While NFTs may have had a big moment in the past, they’ve never had the capacity for a seamless connection with mass users like Telegram has.”
Rather than focusing on volume or speculative trading, Getgems is honing in on the utility aspect of NFTs. For example, Telegram Usernames offer ownership rights for digital identities, while Anonymous Telegram Numbers represent unique accounts within the platform.
Telegram’s New NFT Integration: Gifts and On-Chain Adoption
In October 2024, Telegram introduced “Gifts,” animated images that can be sent as custom messages. These Gifts can now be converted into NFTs, with the launch of Telegram’s on-chain NFT functionality. Since then, Gifts have gained traction, with more than 20 million acquired by users. As of January 22, Telegram began integrating these Gifts into the TON blockchain, and Getgems is hopeful that this new on-chain NFT feature will lead to greater adoption.
Promising Numbers for Getgems and Telegram NFTs
Before going on-chain, Getgems saw impressive pre-mint trading volume for Telegram-based NFTs, hitting $1 million and achieving a market cap of $10 million. According to Getgems, the demand for Telegram-linked NFTs has already been proven, positioning the platform for success as it continues to integrate NFTs into Telegram’s ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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