TikTok Enters the NFT Market

[RSRS]

TikTok, the viral social media platform, has announced its first venture into the nonfungible token (NFT) marketplace with a fresh collection inspired by its top trendsetters.

In addition, the company announced TikTok Top Moments, a new program that enables the recognition of content creators, offering them rewards for their work. Finally, the company will launch the NFT drops – fueled by Immutable X, a new scaling solution for Immutable, a layer-two NFT protocol – on Ethereum.

TikTok Top Moments is assumed to include six TikTok videos from the network’s most prominent creators. Each one should recognize the creators’ contributions to TikTok’s status as one of the world’s largest social networks. The company also said that revenues from the sales would go to the content creators and NFT artists.

More Information