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Collection of NFTs All Set For Launch By TikTok

TikTok sets out to roll out a collection of non-fungible tokens ie. NFTs. Additionally, these NFTs will feature media from its most popular content creators.

Lil Nas X And NFT Setup

The first item will be up for sale on Oct. 6.

More so, it will feature Rudy Willingham’s stop motion video for the song “Montero” by the rapper Lil Nas X. Notably, these NFTs are contents from TikTok users.

While, more NFTs coming later will features contents from Bella Poarch, Curtis Roach, Brittany Broski, FNMeka, Jess Marciante and Gary Vaynerchuk.

Inclusively, These will involve cooperation with other NFT celebrities likes Grimes, COIN ARTIST, x0r, RTFKT.

Nick Tran, TikTok’s Global Head of Marketing notes that this project will mean that

“fans can own a moment on TikTok that helped shape the internet while supporting some of their favorite creators.”

He goes further to say that TikTok is….
“excited to see how [communities] engage with some of the internet’s most beloved cultural milestones.”

NFTS Weekly Sales

Notably, the creation of The NFTs is on the Ethereum blockchain and powered by Immutable X, a layer-2 scaling solution.

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Also, it is on schedule for weekly release through the end of the month. While, subsequently they can be minted and traded without any gas costs, which is transaction fees.

Additionally, TikTok is not the first social media platform to roll out an official line of non-fungible tokens.
As seen in recent Twitter’s release of 140 free NFTs.

Of course, it later saw a reasonable gains in value on secondary markets. For instance, Reddit also deploys its own set of NFTs (CryptoSnoos).

This is same with Facebook as it rolls out support for NFT transactions in its Novi wallet.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.