Getgems bets on Telegram to boost NFT adoption in 2025
Despite a challenging year for NFTs, Getgems bets on Telegram’s 950 million users and the TON blockchain to drive adoption through utility-focused digital collectibles.
Despite a challenging year for non-fungible tokens (NFTs) in 2024, The Open Network (TON)-based marketplace Getgems remains optimistic about greater adoption through the instant messaging platform Telegram.
On Jan. 15, blockchain analytics platform DappRadar dubbed 2024 one of the worst-performing years for NFTs since 2020. The data platform reported that digital collectibles’ trading volumes and sales counts dropped almost 20%.
The downturn has impacted NFT platforms, with projects like MakersPlace shutting down. The NFT marketplace closed on Jan. 15, citing “ongoing market challenges.”
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Author: Ezra Reguerra
