Tikok begins with the sale of the first NFT collection on the Ethereum Layer 2-solution

Tikok begins with the sale of the first NFT collection on the Ethereum Layer 2-solution

The popular social media giant Tikok has announced that it can venture into the area of the non-fungable tokens (NFT) by using content from some of its top manufacturers.

The short video sharing platform, which recently reached 1 billion users worldwide, said that its NFT collection, which is called Tiktop Top Moments, will contain content from six “culturally” important videos of creators. These names included Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Brittany Broski, FN Meka, Jess Marciante and Gary Vaynerchuk.

Pro die Announcement , the artists presented will work with top NFT manufacturers, including RTFKT, Grimes, Coin Artist, X0R and others to create NFTs in limited editions that celebrate the videos.

"Since the Creator Economy continues to grow, we are constantly looking for new and differentiated opportunities to support our creators. Now fans can enjoy a moment on Tikkok who helps shape the Internet and at the same time supports some of her favorite creators," said Nick Tran, Global Head of Marketing by Tiktok.

NFT sale starts next week

According to TikTok, the first NFT collection will be sold on October 6, 2021 with Rudy Willingham's stop-motion video for Lil NAS XS Montero song.

The company found that the NFT sales are carried out on a dedicated platform that is operated by Immutable X, a Layer 2 scaling solution for Ethereum.

The digital collection is stopped weekly by the end of the month, after which the investment class is shaped and traded without paying the insolent ETH gas fees.

Since the initiative was launched to support content manufacturers in their unique works, the proceeds from the sales are largely donated to the makers and the NFT artists involved.

Tiktok prohibits cryptocurrency advertisements

Development comes a few months after the video sharing app banned Influencer for cryptocurrencies From the promotion of digital assets on its platform, citing increased fraud cases among its users.

Several crypto influencers had their crypto-related videos deleted, including Lucas Dimos, who claimed that at least 10 of his uploads were deleted.

dimos that was. Account was at the top due to the strict measures and added that it could be blocked by the platform if another of his videos was removed.