TikTok Launches First Creator-Led NFT Collection

TikTok, the world's most downloaded app with over 1 billion monthly active users, has lined up its own NFT drop. The company's first-ever NFT collection 'leverages content from some of its top creators, including Lil Nas X, Grimes, Bella Poarch, Rudy Willingham and Gary Vaynerchuk,' reports TechCrunch. From the report: The release of one-of-one and limited edition NFTs seems to be focused on generating buzz among the existing NFT community rather than exposing users inside the app to non-fungible tokens. The company is side-stepping blockchain energy concerns by placing their NFTs on a dedicated site powered by Immutable X, a Layer-2 scaling solution for Ethereum which says that NFTs traded using it are '100% carbon neutral.' The drop starts October 6 with a collection from Lil Nas X and will continue on through the end of the month.

Why is TikTok getting into the world of NFTs to begin with? TikTok has a fairly precise answer for that on its drop site: 'Inspired by the creativity and innovation of the TikTok creator community, TikTok is exploring the world of NFTs as a new creator empowerment tool. NFTs are a new way for creators to be recognized and rewarded for their content and for fans to own culturally-significant moments on TikTok. The creation that happens on TikTok helps drive culture and start trends that impact society. TikTok will bring something unique and groundbreaking to the NFT landscape by curating some of these cultural milestones and pairing them with prominent NFT artists.'

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