Telegram Sees 400% Surge in NFT Activity as Hamster Kombat Plans Expansion

Telegram has become an unexpected hub for NFT activity, with the messaging app witnessing a 400% increase in non-fungible token (NFT) transactions during Q3 2024. By September, over one million daily wallet transfers were being made on the platform, up from fewer than 200,000 in July, according to the “Q3 ‘24 Telegram Games Report” by Helika.

This dramatic rise in NFT interactions is largely driven by Telegram's integration of NFTs into its growing gaming ecosystem. A key player in this expansion is Hamster Kombat, a popular Web3 clicker game that plans to introduce NFTs as in-game assets in its second season, which is set to launch in November.

The report also noted that nine Telegram-based games attracted three million active wallets in September, further boosting player engagement and interaction. Early October saw a doubling of player interaction time, with NFT usage playing a significant role in this increase.

As Telegram's NFT gaming ecosystem expands, Hamster Kombat is preparing to introduce a new storyline in which players can act as CEOs of their own companies, adding a business simulation aspect to the game. This move is part of the game’s 2024-2025 roadmap, positioning Hamster Kombat to become a standout example of how Telegram’s games are integrating Web3 features to enhance both gameplay and crypto investment appeal.

The introduction of NFTs in Hamster Kombat will add a new layer of ownership and value to in-game items, turning traditional gaming models into Web3-powered economies where players can collect, trade, and earn valuable digital assets.

However, it’s important to note the ongoing challenges facing the broader NFT market. As reported by BeInCrypto, 96% of NFTs are considered “dead,” meaning that their holders have faced significant losses due to factors like rug pulls and wash trading. Furthermore, the legal landscape surrounding NFTs remains unclear, presenting risks for those looking to invest. As Hamster Kombat expands into the NFT space, it will need to navigate these obstacles to remain competitive.

For more details, check out the full article on BeInCrypto.