Hamster

Hamster Kombat

Gold

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/telegram-experiences-significant-increase-in-nft-transactions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Telegram Experiences Significant Increase in NFT Transactions</a> 
With the global discussion around Web3 gaining momentum, <a href="https://en.coin-turk.com/record-breaking-nft-sales-on-bitcoin-blockchain-in-december-2023/" data-wpel-link="internal" rel="noopener noreferrer nofollow">NFT</a> transactions have surged by 400% on the Telegram TON network. According to a recent report by Helika, there has been a substantial rise in NFT transactions on Telegram, particularly in the third quarter of 2024. This increase has prompted various speculations among <a href="https://en.coin-turk.com/significant-decline-in-global-cryptocurrency-market-activity/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/cryptocurrency-market-displays-signs-of-recovery-amid-downtrend-a-deep-dive-into-current-market-conditions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market participants.
<h2 id="popularity-of-telegram-games">Popularity of Telegram Games</h2>
Helika’s report indicates that games within the TON ecosystem have become a new trend due to their broad user base. Games like Notcoin, Catizen, and Hamster Kombat have significantly contributed to the rise in NFT transactions, leveraging Telegram’s 900 million user base.
Data shows that the average session length per user on the network increased from 2.8 minutes to 6.7 minutes. This suggests heightened user engagement with the network, influenced by transactions such as NFT sales, purchases, and in-game usage.
<h2 id="web3-games">Web3 Games</h2>
The report notes that games like Catizen, Cat Gold Miner, and GAMEE created over 3 million active wallets in September. These newly established wallets displayed high interaction in NFT transactions, amplifying the network’s transaction volume. However, it is important to mention the presence of airdrop hunting and multi-user issues, where users are perceived as inflated compared to figures from different networks.
The completion of Catizen’s first airdrop and a 300% increase in Gamee’s monthly transaction volume have enhanced user interest in these games. Additionally, X Empire’s attraction of 48 million users and distribution of 570,000 NFT coupons have played significant roles in this trend. All this intense interest has yielded interesting results in on-chain metrics.
Partnerships formed with the Telegram Gaming Accelerator (TGA) have deeply impacted the TON ecosystem. Thanks to the collaboration with Notcoin, hundreds of game applications in various genres have been received, boosting the network’s potential.
The integrated user experience offered by Telegram games, along with social integration and innovative gaming opportunities, has made this platform more appealing to users. These factors are among the primary contributors to the surge in NFT transactions.
This substantial increase in NFT transactions has been made possible through Telegram’s Web3 integration and innovative approaches within the gaming ecosystem. The rise in user numbers and wallet interactions supports the network’s potential for future growth.
The post <a href="https://en.coin-turk.com/telegram-experiences-significant-increase-in-nft-transactions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Telegram Experiences Significant Increase in NFT Transactions</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Telegram Experiences Significant Increase in NFT Transactions

Table of Contents

COINTURK NEWS

Other articles published on Oct 18, 2024

Farcaster’s Local Cryptocurrency DEGEN Experiences Value Decline Following Coinbase Listing

Sotheby’s to offer six works by AI art star Botto, a decentralized artist operated by a DAO

Self-Proclaimed Satoshi Craig Wright Clashes Again With XRP Community, What Happened?

Can Rexas Finance (RXS) Overtake XRP’s Market Cap in 2025? Top Trader Bullish Following Listing o...

UAE to introduce legal framework for DAOs

How to Turn $800 Into $1.2 Million by 2026: Analysts Believe These Cryptos Will Outperform Ethere...

Join our free newsletter for daily crypto updates!