It could be the social media giants Twitter and Tik Tok, who are embracing non-fungible tokens NFTs The beginning of a new system used in an increasingly digital world.
Twitter has seen its user base grow exponentially to surpass 185 million users last year, while testing NFTs Allow users to view their groups as their profile pictures.
According Mada Aflak , the chief software engineer at Twitter, the microblogging platform is working on new functionality that allows users to import groups NFT their own wallets Blockchain blockchain.
The feature will display a verified check mark based on Blockchain that was minted on NFT.
Tokens may be irreplaceable NFTs verified by Twitter An answer to a problem that plagued you Crypto Twitter . After it exploded NFTs earlier this year.
NFTs are changing the TV and film industry!
And groups started like Crypto Banks / CryptoPunks In circulation, hundreds of thousands and even millions of dollars have started to be used as profile pictures.
While ownership can be verified blockchain Easily, anyone on social media can copy and paste someone else's profile picture and use it on their profile.
But when this started happening with NFTs Expensive, collectors were not pleased.
For example, it was a digital artist Mike Winkelman Mike Winkelmann, known as Beeple He sold one of his artworks NFT front side 69 million dollars, while the market witnessed NFT Pioneer open sea OpenSea His sales are higher 4 billions dollars a month. Lots of money is included.
While some argue that copy and paste NFT It only makes it more valuable because of the attention it gets. Others want to exclusively use and own their digital property.
Without any kind of verification process, it can easily be reused NFT to someone else on social media. To verify ownership NFTs Their own.
Users can also link their wallets, for example, although doing so may jeopardize their anonymity. It can be show NFTs Verification of ownership is part of a new reputation system on the web.
Chingari, the alternative to TikTok in India, is preparing to launch its crypto-token soon
A new system is making a fuss in the digital world
Early adopters of cryptocurrency are credited with being visionaries, seeing something no one else has seen in an illiquid and risky market at the time, which is now worth trillions.
Can now be considered owning NFTs Expensive and rare as a way to demonstrate cryptographic prowess, and define yourself as a proud member of the community.
Speaking to Cointelegraph, pointed out Alex Salnikov Co-Founder and Head of Product at Souq REBEL NFT , that it was "only a matter of time" before it started NFTs to appear on Twitter.
“That the feature could be part of an exciting new ecosystem for an increasingly digital world.
He said: “Importance of advantage Twitter The new is not in the ability to prove that NFT Certain belongs only to the owner of the profile. "According to him, it's the other way around."
The access to the data that this feature opens is most important here: What is the source NFT Who are the previous owners and how were they purchased? It is a new system for the digital world.
Speaking to a magazine, CoinTelegraph He said Jesse Johnson, co-founder of Project cross DeFi And NF Aavegotchi:
“He is excited about the possibilities that verification can bring. Twitter Twitter from NFTs To showcase our digital identities, adding that when our real selves are intertwined with digital avatars, “it only makes sense that ‘what’s in your wallet’ becomes just as valid as ‘who you are’ as a source of social identity.”
Twitter shares a sneak peek of its NFT tokens
Twitter, who is considered its chief executive Jack Dorsey A well-known supporter for bitcoin (BTC) who sold the first ever tweet on the platform for 2.9 Million Dollars in March, Not the Only Social Media Giant Testing the Waters Using NFTs.
And in an announcement made in 28 September, reveal TikTok He launched a group NFT Inspired by top creators including night people Lil In the X and Bella Porsche And Cartis method Roach Etc.
. will be launched NFTs on network Ethereum It will be powered by immutable X, a new measurement solution for a protocol NFT The second layer is immutable.
The group, called TikTok Top Moments A selection of six videos will be shown TikTok From the network's most influential creators, to celebrate their impact in helping it become one of the largest social media platforms in the world.
Proceeds from sales will go directly to content creators and artists NFT
TikTok Launches Its First NFTs Token Set
As commented Salinkov on step TikTok, saying:
Celebrities on the platform are now “looking to monetize via NFTs, the main mediator of metaverse Which is “great news for the entire market” because it is the mass adoption that the crypto industry has been waiting for over a decade.”
With over a billion users, TikTok One of the largest social media platforms in the world. Makes use of technology Blockchain Another step closer to mainstream audiences who may one day, without realizing it, own assets on Blockchain.
Intellectual property monetization
hung Daniel Menci Daniele Mensi, Managing Director at DigitalBits on that NFTs “Changing the way we value ownership,” he added, TikTok "Heralds another era of value creation for consumers around the world".
he added Mensy:
“That anything can be NFT, including video TikTok. As such, sell stars TikTok Now their content is as NFTs And they give fans the opportunity to own a part of their work.”
he added:
“This paves the way and makes it acceptable to be anything. NFT. As the acronym becomes more popular with the general public, people will realize how valuable and even necessary it is NFTs“.
Founder said Waves blockchain، Sasha Ivanov:
“The ability TikTok On creating exciting moments and cultural trends, as well as the interconnectedness of global communities, will play a pivotal role in the growth of the entire ecosystem.”
tech tok Significantly the incorporation of technology Blockchain in its work over time.
In August of this year, it partnered with a streaming platform blockchain Audius for a new feature called TikTok Sounds.
This partnership allows users of Audius Exports songs created on the protocol to tech tok .
as stated Solo Season / Solo Ceesay Co-founder of Social Marketplace for Creators Calaxy, also for newspaper Coin telegraph that ad TikTok It has led to increased awareness of the broader application of NFTs As a “monetization tool for community building and intellectual property IP )“.
He said :
“IP monetization has been a hot topic for years, and NFTs “Verified scarcity embodies,” a combination that could lead to the next wave of consumer adoption of cryptocurrencies.
Embrace TikTok And Twitter Now the tokens are not replaceable (NFT) actively, but the journey that got us here was a wild ride.
He had been discussing the emerging cryptocurrency community with potential colorful coins that would have to bring real assets to the blockchain in a year 2013.
Fast forward eight years, and she's now discussing how to enter unique assets based on Blockchain to their favorite social media platforms used by billions of people.
TikTok partners with blockchain startup Audius to manage its in-house audio library
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