Market

TikTok “Trends” NFT

The social media platform TikTok has announced its first foray into the non-fungible token (NFT) market with a new collection inspired by its new fashion pioneers.

On Thursday the company did announced TikTok Top Moments, a new program that recognizes and rewards content creators for their content. NFT drops are implemented on Ethereum and operated by Immutable X – a new scaling solution for the NFT Layer 2 Immutable protocol.

Source: TikTok

Tik  Top Moments has curated six TokTok videos from the most influential creators on the net. Each video celebrates the influence these creators had to make Tik Tok one of the largest social networks in the world.

The company says the proceeds from sales go directly to content creators and NFT artists.

Tik Tok seems to be slowly turning to blockchain technology as part of its overall business strategy. Recently, the company partnered with blockchain live streaming platform Audius for a new feature called TikTok Sounds. The integration enables Audius users to transfer songs created on the protocol to TikTok.

NFT has become a major driver for blockchain adoption, with businesses and individuals looking to capture digital collections. August was the busiest month on record for the emerging industry, with NFT totaling $ 4 billion in revenue.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Cointelegraph

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

27 minutes ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

2 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

2 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

2 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

3 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

4 hours ago

This website uses cookies.