Telegram CEO Pavel Durov hinted at an upcoming NFT conversion feature alongside the introduction of Gifts on the social platform. Gifts are animated images that can be shared on profiles or converted into Stars, the platform's in-app currency. Users can send these animated Gifts to contacts, who can then display them on their profiles or convert them into Stars. The platform recently launched Stars, allowing Mini Apps to accept payments and support creators. Durov mentioned that soon, some Gifts could be converted into NFTs, enabling users to auction and trade them outside of Telegram. While Telegram and games like Hamster Kombat are embracing NFTs, the broader market saw a significant decline in sales volume in September, reaching its lowest point since 2021. NFT transactions also decreased by 32% month-on-month, indicating a shift in the digital collectibles market. Read more AI-generated news on: https://app.chaingpt.org/news

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