TikTok announces entry into the NFT market, saying 'you can own the moment when you make a noise on the net'



Content sold in non-fungible token (NFT) format is attracting a lot of attention, with one piece of art sold for 7.5 billion yen and Twitter founder's tweet sold for 300 million yen. Meanwhile, TikTok announced that it will enter the NFT market and announced that it plans to sell content created by multiple creators as NFT.

TikTok Top Moments
https://tiktok.immutable.com/

TikTok launches first creator-led NFT collection | TikTok Newsroom
https://newsroom.tiktok.com/en-us/tiktok-launches-first-creator-led-nft-collection-powered-by-immutable-x

NFT, which has been a hot topic in recent years, is a technology that assigns something like a serial number unique to content using a mechanism called blockchain, which is also used for cryptographic assets such as Bitcoin. This will give unique value to content such as 'Twitter founder's tweets' that anyone can easily view, and will be able to make high-priced transactions like an autographed album of a popular artist. .. The detailed mechanism and usage of NFT are explained in detail in the following articles.

What is non-copyable digital data 'NFT' that has the potential to block the 'infinite duplication' capability of the Internet? --GIGAZINE


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beeple

TikTok announced on October 1, 2021 (Friday) that it will start selling contents using such NFT. According to TikTok, on Wednesday, October 6, 2021, NFT, a collaboration work by popular rapper Lil Nas X and TikTok creator Rudy_Willingham, will be on sale. After that, collaboration of popular artists such as 'Curtis Roach x COIN ARTIST ', ' FN Meka x RTFKT ', ' Gary Vaynerchuk x Jess Marciante x x0rart ', ' Bella Poarch x Grimes ', ' Brittany Broski x Grimes' x NFT artists The work will appear.

On the official website 'TikTok Top Moments ' about the newly opened NFT sales campaign, 'TikTok is new to creators, inspired by the creativity and innovation of creators who participate in TikTok.' Exploring the world of NFTs as a way to empower them. NFTs are a new way for creators to be recognized and rewarded, and a new way for fans to own culturally important moments on TikTok. 'TikTok users can own the moment when TikTok makes a noise on the Internet.'



It is said that TikTok will sell NFTs in partnership with the NFT trading service 'Immutable X ', and the official website of TikTok Top Moments will show you how to create a wallet with Immutable X. In addition, the contents and sales schedule of NFTs to be sold will be announced on TikTok's official Twitter account and Immutable X's official Twitter account.

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