Telegram's latest feature allowing users to convert digital gifts into NFTs on the TON blockchain has sparked renewed interest in Toncoin (TON). This innovation, part of Telegram's first major update of 2025, enables users to transform over 20 existing gifts into unique, tradable NFTs, enhancing their rarity and individuality. The move is seen as a significant step in Telegram's Web3 journey, further integrating blockchain technology into its platform. "Telegram's integration of NFTs and its commitment to enhancing The Open Network (TON) blockchain could further drive adoption and market value," said a core TON developer, pseudonymously known as Dr. Awesome Doge.
The introduction of this feature has led to a surge in activity around Toncoin, reflecting growing interest in its ecosystem. Despite a 30% retracement from its all-time high of $8.25 in mid-2024, TON has gained an impressive 165% year-to-date. The token, currently ranked as the 15th largest cryptocurrency by market capitalization, is experiencing a positive price movement today. This development comes as Telegram continues to innovate, positioning Toncoin for sustained growth through the convergence of social media and blockchain technology.
Toncoin's price has risen by 3.15% today, reaching a high of $5.816614.