You can achieve it using SharePoint online JSON formatting capabilities.
You have to use the hyperlinks and it's display text in plain multiple lines of text column in this format:
[Microsoft 365 & Power Platform Community]https://pnp.github.io/ [Sharing Is Caring]https://pnp.github.io/sharing-is-caring/ [M365 Platform & Power Platform Community Recognition Program]https://pnp.github.io/recognitionprogram/
Then use below column formatting JSON for your column:
{ "$schema": "https://developer.microsoft.com/json-schemas/sp/v2/column-formatting.schema.json", "elmType": "div", "style": { "display": "flex", "align-items": "flex-start", "justify-content": "space-between", "padding": "4px 0" }, "children": [ { "elmType": "div", "style": { "display": "=if(@currentField=='','none','flex')", "flex-direction": "column", "align-items": "flex-start" }, "children": [ { "elmType": "a", "forEach": "listItem in split(@currentField,'[')", "txtContent": "=substring([$listItem],0,indexOf([$listItem],']'))", "style": { "margin-bottom": "1px", "display": "=if([$listItem]=='','none','')", "padding": "2px 15px", "border-radius": "15px", "text-decoration": "none", "font-size": "14px" }, "attributes": { "class": "ms-bgColor-themeLighter ms-bgColor-themeLight--hover ms-fontColor-neutralPrimaryAlt ms-fontColor-themePrimary--hover", "href": "=replaceAll(substring([$listItem],indexOf([$listItem],']')+1,indexOf([$listItem]+'^','^')),'\n','')", "target": "_blank" } } ] }, { "elmType": "span", "customRowAction": { "action": "editProps" }, "attributes": { "iconName": "Edit", "class": "ms-fontSize-s ms-bgColor-themeLight ms-bgColor-neutralTertiary--hover" }, "style": { "display": "inline-block", "cursor": "pointer", "margin": "0 5px", "padding": "4px", "border-radius": "100px" } } ] }
Output:
Source: Multiple hyperlinks in single field
Remember to use the internal name of columns in JSON formatting wherever required. You can get the internal name of your columns by following this article: How to find the Internal name of columns in SharePoint Online?
Here's another JSON sample which might help you: Multi-Choice Links
