As Telegram users increasingly show interest in Web3 technologies, non-fungible tokens (NFTs) have also become increasingly common on the messaging platform. According to a report by Web3 data provider Helika, NFT activity increased by 400% during this period.

NFT Usage on Telegram is Increasing

According to Helika’s “Q3 2024 Telegram Gaming Report,” the number of unique wallets transferring NFTs in games on Telegram has increased from less than 200,000 in July to more than one million in September.

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The report notes that Telegram users are actively buying and using NFTs, going beyond just creating wallets, and that the ecosystem on the platform has a dynamic level of engagement. In September, a total of three million active wallets were recorded across nine Telegram games.

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