Telegram NFT Marketplace:- The broader NFT market appears to be staging a comeback.

This rebound has been driven in large part by the highly anticipated Doodles token launch—DOOD went live on Solana.

Telegram, the popular messaging app, has launched its own NFT marketplace within the app. The move comes as part of Telegram’s broader push to integrate Web3 technologies into its platform.

Telegram’s NFT marketplace allows users to buy, sell, and resell rare collectible NFT-styled “Gifts” using Telegram Stars. These collectible gift items are implemented as TON-based NFTs, meaning owners have true on-chain ownership and can trade the items outside Telegram.

Each gift is unique and has its own animation, sound effects, and description. Users can apply advanced search filters to buy and sell a gift. Once listed, the gift gets a "Sale" label on the profile so that others can see it’s available. Listings can be canceled at any time by tapping Unlist.

All trades settle instantly in Stars — Telegram’s in-app micropayment token — and the blockchain records each gift’s ownership.

“Some gifts initially sold for just a few dollars have already spiked to tens of thousands of dollars,” said Telegram founder Pavel Durov.

The new Telegram NFT marketplace is part of the company’s broader effort to integrate Web3 technologies into its platform. Telegram has also been experimenting with other blockchain-based products, such as its TON cryptocurrency.

Telegram’s move can also serve as a potential catalyst for broader NFT adoption. The broader NFT market has cooled significantly in 2024, with trading volume down roughly 20% year-over-year and platforms like MakersPlace closing.

However, the recent surge in NFT sales and coming up of new marketplaces can drive it further.