BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home NFT

Telegram NFT Handles cost Hundreds of Thousands of Dollars

by Abimbola Adu
Nov 15, 2022 - 12:00 am
in NFT
Screenshot 2022 11 15 at 15.03.43 1

Fragment, a public blockchain platform that automates the transactions of collectibles, has recently recorded thousands of bids for unique Telegram handles.

Fragment Top Auctions

Telegram, the private messaging service platform, leverages blockchain and smart contract functions to enable users to access rare handles in the form of NFT and sell them for profit.

They launched a marketplace for this activity in October 2022, and the token that will power each purchase is Toncoin.

The coin is the native token of Open network, a blockchain platform created by Telegram in 2020; they backed off the project after probing by US SEC. 

Telegram chose Fragment to auction the bids in October; interested individuals can go to the website and select a preferred alphabet character, usually about 3 or 4. 

The individuals can also auction their current handles or latch pre-bought ones onto off-chain accounts.

Initially, the platform auctioned about 4-5 character handles and placed its price at a minimum of 126 Tons or 200 US dollars. 

However, some unique handles, such as casinos, banks, and so on, cost much more than others. Its auction price was 30,000 Tons and above.

Nevertheless, the price was flexible; most times, if no one purchased a handle at its auction price, the price was dragged down gradually until it was purchased.

The auction prices have surged from just a few hundred or thousands of dollars to hundreds of thousands of dollars in a few weeks. The current highest bid for the handle King.t.me on Fragment is over $781,000.

In October, when the sale started, Telegram rolled in a profit of $ 3 million worth of TON, with sporadic increases in the price of auction bids and many bidders. Currently, the profit the platform will make will most certainly surpass it by a lot.

The many advantages of the arrangement were that individuals can now prove ownership of their social media accounts, all thanks to blockchain technology.

Tags: NFTTelegram
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

Related Posts

Bar chart showing June 2025 NFT sales volume by blockchain including Ethereum, Immutable, Bitcoin, and Polygon

NFT Market Rebounds Slightly as Bitcoin Surges Past $105K

June 8, 2025

NFT sales rise 1.95% to $106.2M as Bitcoin surges to $105K. Buyer participation jumps 55% amid steady growth...

Bar chart showing June 2025 NFT sales volume by blockchain including Ethereum, Immutable, Bitcoin, and Polygon

NFT Lending Volume Collapses 97% From Peak as Market Activity Dries Up

May 28, 2025

NFT lending has collapsed 97% from its peak, with borrower activity down 90% and lenders 78%, reflecting a...

Hester Peirce of the SEC discusses NFT royalties and securities law

SEC’s Hester Peirce Clarifies NFT Royalties Don’t Make Tokens Securities

May 21, 2025

NFT royalties don’t make tokens securities, says SEC’s Hester Peirce, stressing that artist earnings are not tied to...

OpenSea logo with a digital asset background symbolizing NFT trading and U.S. regulations

OpenSea Urges SEC to Exclude NFT Marketplaces from Securities Regulation

April 10, 2025

OpenSea urges the SEC to clarify that NFT marketplaces aren’t brokers or exchanges under federal law, seeking relief...

Press Releases

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

BTC

Popular Memecoin MEW Pledges $10,000 to Pasadena Humane Organization to Aid Animals Affected by California Wildfires

January 20, 2025

MEW memecoin donates $10K to Pasadena Humane for wildfire-affected animals. Join the mission to aid pets and wildlife in crisis...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise