NFTs Back? Snoop Dogg’s Telegram Gifts Sell Out in 30 Minutes
Snoop Dogg sold nearly 1 million NFTs (worth $12 million) on Telegram in just 30 minutes via the TON blockchain, reviving excitement in the struggling NFT market.
The NFT collection includes vintage cars, swag bags, digital dogs, cannabis-themed items, and more. These Telegram Gifts can be shown on profiles or converted into Stars (Telegram’s in-app currency).
Snoop also dropped a new song, “Gifts,” alongside the launch.
Despite the overall NFT market slump (sales down over 55% recently), many see this as a potential start of a new NFT narrative on Telegram.
TON’s NFT lead said this success may inspire other major brands and Web3 projects to follow suit.
Snoop Dogg has been active in NFTs since 2021 with multiple projects, including collections on The Sandbox and his Passport Series.
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