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NFT activity on Telegram surged 400% in Q3 2024: Report

Helika’s Web3 Gaming Report showed that the number of unique wallets transferring NFTs in Telegram surged from under 200,000 in July to over one million in September. 

COINTELEGRAPH IN YOUR SOCIAL FEED

As Telegram users increasingly engage with Web3, non-fungible tokens (NFTs) are gaining traction on the messaging app platform.

According to a report by Web3 data provider Helika, NFT activity on Telegram surged by 400% in the third quarter of 2024.

In its “Q3 ‘24​ Telegram Games​ Report,” Helika’s data showed that the number of unique wallets transferring NFTs daily in Telegram surged from under 200,000 in July to over one million in September. 

NFT usage grows on Telegram

Helika noted that Telegram gamers are highly active, purchasing, sending and using NFTs within games. The company stated:

“Our data indicates that gamers on Telegram are not just creating wallets but are also actively engaging with NFTs, suggesting a dynamic and vibrant level of interaction within the ecosystem.”

Helika also reported that three million active wallets were recorded across nine Telegram games in September.

Unique addresses transferring NFTs in Telegram. Source: Helika

In addition to NFT activity, Telegram gamers have also been playing games for longer. According to Helika, the average gaming session for a user increased from 2.8 minutes in August to 6.7 minutes at the start of October. 

Helika attributed the growth to more immersive experiences offered by the platform.

Related: NFT holders sue art gallery, alleging it broke metaverse promise

Hamster Kombat to integrate NFTs

One of the most popular games on Telegram is Hamster Kombat. The game went viral after its release and has since surpassed 300 million users

On Sept. 25, the game revealed its plans to integrate NFTs. The Web3 clicker game said it would launch new games within its ecosystem and integrate NFTs as in-game assets. In its roadmap for the remainder of 2024 and 2025, the game revealed that it would integrate NFTs in its Season 2 in November. 

On Oct. 17, the game released a trailer for its second season. Within the trailer, the game developers teased a new storyline involving players becoming CEOs of their own companies. Hamster Kombat hinted that gamers could simulate becoming executives in the second season of the clicker game. 

Magazine: gmoney’s anguish over ‘buying the top’ of CryptoPunks: NFT Collector 

This article first appeared at Cointelegraph.com News

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