Telegram Founder Pavel Durov Makes Big Bet on NFTs! Launches Gift Marketplace
By: bitcoin ethereum news|2025/05/11 02:00:17
0
Share
Telegram NFT Marketplace:- The broader NFT market appears to be staging a comeback. The total weekly volume has reached over $103 million, up 7% from the prior week. This rebound has been driven in large part by the highly anticipated Doodles token launch—DOOD went live on Solana on yesterday on May 9. This ended up sparking a 97% surge in Doodles NFT sales in the 24 hours before the airdrop. Adding to the excitement, Telegram CEO Pavel Durov Telegram Founder Pavel Durov has also announced a major NFT move in the market. On May 9 via his personal channel, Telegram founder announced the launch of Telegram’s new in-app Gift Marketplace. In Telegram’s NFT-based marketplace, users can buy, sell, and resell rare collectible NFT-styled “Gifts” using Telegram Stars. How Telegram’s New NFT Marketplace Works Telegram’s new NFT marketplace is a new in-app marketplace where users can buy and sell special animated “gifts” as NFTs. The marketplace is built on The Open Network (TON) blockchain and uses Telegram’s Stars currency for transactions. These collectible gift items are implemented as TON-based NFTs, meaning owners have true on-chain ownership and can trade the items outside Telegram. Telegram’s official blog describes a straightforward trading interface. In this, 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 reportedly settle instantly in Stars – Telegram’s in-app micropayment token, and the blockchain records each gift’s ownership. While making the announcement, Telegram founder Pavel Durov also informed that “some gifts initially sold for just a few dollars have already spiked to tens of thousands of dollars”. Also Read: Doodles Airdrop Could This Push Give NFTs their Moment The new Telegram NFT marketplace builds on Telegram’s ongoing Web3 push. Telegram originally developed the TON blockchain (now community-run) and has steadily integrated it into the app. Telegram’s public statements emphasize that gifts have already been a hit. The official Telegram blog notes that when collectible gift collections launched in January, “some collections sold out in minutes”. Durov himself reported that “users have acquired more than 20 million Gifts” on Telegram since launch. Notably, special holiday events drove massive volume. For Valentine’s Day 2025, Telegram released nine limited-edition gift collections (four of which were immediately mintable as NFTs on TON). 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. Also Read: DOOD Token Price Analysis! Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/brandtalk/pulse/telegram-founder-pavel-durov-makes-big-bet-on-nfts-launches-gift-marketplace/
You may also like
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.
What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?
ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.
Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.
Former SpaceX engineer reconstructs the financial execution system using first principles
Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.
Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
