It is clearly time for social media to take a close look at NFT tokens. And while all of the approaches remain quite different, there's no question that their unique functionality is at the heart of this craze. In particular, they allow the development of unique collections or avatars. This is in the form of digital items whose certificate of authenticity is written on the blockchain that supports them. And now it's TikTok's turn to announce his entry into this exploding universe. With the introduction of a collection of "Top Moments" of his short history.
Some will see the addition of the TikTok network and NFT tokens as a clear sign of a social drift that has lost all control. Especially considering that the latest case involving cryptocurrencies and this platform was aimed at manipulate the price of Dogecoin. A big name in nonsense digital that will not increase the positive result of our mathematical calculation. But it figures prominently in the current hype surrounding this industry. And that's all it takes to find the gateway to TikTok.
An ability to grasp the trend on which TikTok's success has been built for several years. This with viral videos that are his main signature. And the collaborators who end up becoming the real stars of this network, which recently surpassed the billion regular users in the world. And since success attracts success, what's more logical than celebrating it with a collection of exclusive NFTs? What TikTok just officially announced in a Press release published yesterday on its website.
TikTok launches a collection of NFTs
The winds of adoption do not seem to be extinguished on the subject of non-fungible tokens. And the world of social networks is taking an interest with the recent Twitter announcement that will make them one of the guarantors of the security of its user accounts. At the same time, Facebook says it is interested in developing a metaverse virtual world. Obviously to position itself in this innovative field that some see as the future of this sector, avatar and NFT version. A wave that even TikTok has just caught. This with the implementation of a collection of “Top Moments” which should collect the greatest hits of its leading creators.
" Today we're announcing our first NFT collection, TikTok Top Moments, designed by some of the creators that define our community and inspired by the trending videos they've created. Based on our commitment to helping creators achieve their goals in the growing economy, these NFTs provide a way for them to be recognized and rewarded for their content. And for fans to experience a culturally significant moment on TikTok. "- TikTok
A collection that will be consisting of “six culturally significant videos” issued as single NFT tokens. The list of selected creators includes: Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Brittany Broski, FNMeka, Jess Marciante and Gary Vaynerchuk. All in association with "leading NFT creators" including COIN ARTIST, x0r, RTFKT and Grimes. And a first-ever sale that will be led by Lil Nas X in collaboration with Rudy Willingham. This without specifying a date and with the sole indication to follow TikTok and / or ImmutableX on Twitter. An entire program ...
A project supported by Immutable X
And to accompany this launch, TikTok is collaborating with the second tier project Immutable X. The latter was developed specifically to optimize the creation and support of these NFT tokens. This is so that they can be registered on the Ethereum blockchain, but without the expense and slowness. A partnership that is an opportunity for this network to sell its offer to an audience far beyond the crypto area. And one that once again puts non-fungible tokens at the center of wider adoption of the cryptocurrency universe.
" Immutable X is the first NFT-specific level 2 scaling solution. This allows companies to integrate and create NFTs without gas costs, while maintaining the security of the Ethereum network. Immutable X offers (…) extremely high throughput (up to 9.000 transactions per second), customized rates and a fantastic experience for developers and users. All NFTs traded on Immutable X are completely carbon neutral. "- ImmutableX
An auction that will require you to own or create an Ethereum wallet, obviously containing a sufficient - but unknown - amount of ETH. The auction will be extended by another 15 minutes for each new auction. The latter will be validated only if they are 5% higher than the previous one. The only real unknown is the price these NFTs can reach. Because in this field, the only rule is the buyers' motivation to get them. A case to follow ...
