Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour
2025-07-10 11:18:27
Main Idea
Telegram's blockchain ecosystem facilitated a successful NFT sale by Snoop Dogg, generating $12M in sales, highlighting the platform's growing role in NFT utility and blockchain integration.
Key Points
1. Snoop Dogg's NFT release sold out in 30 minutes via Telegram's 'Send a Gift' feature, with prices ranging from 200 to 15,000 stars.
2. Telegram founder Pavel Durov praised the sale, noting nearly 1M unique NFTs were inspired by Snoop’s iconic style.
3. The Open Platform (TOP), supporting Telegram's TON blockchain, achieved a $1B valuation, driven by mini apps, wallet integrations, and NFT activity.
4. Despite a broader NFT market decline, certain categories like utility-based collectibles and airdrop NFTs continue to thrive.
5. NFT trading volumes dropped 45% quarter-on-quarter, but sales surged 78%, indicating lower average prices and shifting market dynamics.
Description
The collab with Telegram’s TON blockchain appears to show that celebrity-led NFTs, at least on apps like it, aren’t entirely dead.
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