Converting Gifts to NFTs on Telegram: A Step-by-Step Guide

With Telegram constantly evolving, a new and exciting feature has emerged in its Android source code: the ability to convert gifts into NFTs (non-fungible tokens). This feature allows users to transform digital gifts into unique collectibles that can be traded, sold, or sent externally. In this guide, we’ll explore how to convert gifts into NFTs, their attributes, and how to utilize them within and outside Telegram.

What Are Telegram Collectibles?

Telegram collectibles are digital assets derived from gifts that users receive within the platform. These collectibles function as NFTs, each with unique properties, and can be:

• Sent to other users within Telegram.
• Sold for stars within Telegram’s ecosystem.
• Transferred to external blockchain addresses for resale on third-party NFT marketplaces (after an unlock period).

Key Attributes of Telegram Collectibles

Each collectible NFT in Telegram will have:

• A unique number – Making each collectible distinguishable from others.
• A model – Representing the specific type or category of the NFT.
• A background – Giving each NFT a visual identity.
• A symbol – Acting as a recognizable feature for the NFT.
• Information about origin – Storing details on who gifted it and when it was gifted.

How to Convert Gifts to NFTs on Telegram

Step 1: Verify Eligibility

Ensure that your gift qualifies for conversion into an NFT. Telegram may have certain requirements, such as:

• A valid gift transaction.
• A minimum amount of Stars (Telegram’s in-app currency) to pay for the conversion.
• Compliance with Telegram’s NFT policies.

Step 2: Navigate to the Gift Conversion Section

1. Open Telegram on your Android device.
2. Go to the Gifts section within the app.
3. Select the Gift you want to convert into an NFT.

Step 3: Initiate the Conversion

1. Tap on the Convert to NFT option.
2. A prompt will appear detailing the conversion cost in Stars.
3. Confirm the transaction and wait for Telegram to process the NFT creation.

Step 4: Managing Your NFT Collectible

Once your gift is converted into an NFT, you can:

• View it in your Telegram collectibles section.
• Send it to other Telegram users.
• List it for sale within Telegram for stars.
• Transfer it to an external blockchain address for selling on third-party NFT platforms (after the unlock period).

Step 5: Selling and Transferring NFTs

1. Go to your collectibles section.
2. Select the NFT you wish to sell.
3. Choose the Sell for Stars option and set a price.
4. Wait for a buyer to purchase it.

Transferring NFTs to an External Marketplace

1. Select the NFT in your collectibles section.
2. Tap Send to External Wallet (available after the unlock period).
3. Input your blockchain wallet address.
4. Confirm the transfer and wait for blockchain processing.

Why Convert Telegram Gifts to NFTs?

1. Monetization Opportunities

By converting gifts into NFTs, users can earn Stars, which they may use for in-app purchases or exchange for value in the Telegram ecosystem. This creates a new avenue for users to generate revenue from digital assets received within the platform.

2. Digital Ownership & Scarcity

Each NFT is unique, with ownership details stored on the blockchain, ensuring authenticity and scarcity. This guarantees that every collectible holds value and cannot be duplicated, making them desirable among collectors.

3. Expansion to External Markets

Users can move their Telegram NFTs to external platforms, allowing for potential profits beyond Telegram’s ecosystem. This integration with third-party NFT marketplaces offers users more flexibility in managing and selling their digital assets.

4. Community Engagement & Status

Owning exclusive NFTs within Telegram can signify status within communities. Users may engage in special Telegram groups or events reserved for NFT holders, fostering a more immersive experience.

5. Long-Term Investment Potential

Like traditional NFTs, Telegram collectibles may appreciate in value over time, especially rare or limited-edition models. Early adopters could benefit from long-term gains if demand increases for specific collectibles.

By leveraging this feature, Telegram users can explore the growing digital economy while enjoying enhanced ownership and trading opportunities.

Conclusion

The ability to convert gifts into NFTs on Telegram introduces an innovative way for users to engage with digital assets. By following the simple steps outlined above, you can turn your gifts into valuable, tradeable collectibles. Keep an eye on Telegram’s updates as this feature rolls out fully, and start making the most of your digital assets today!