Cryptocurrency is fast apropos some-more popular, transforming into opposite forms with new applications. NFTs are a new prohibited commodity in a space, and big-name companies are holding notice. As of Sept. 30, 2021, Twitter and TikTok are both diving into a craze.
NFT stands for non-fungible token. It can concede someone to possess a digital picture and can be explanation of owning a original, even with mixed copies all over a internet.
Jack Dorsey, a owner and CEO of Twitter, has been an zealous believer of cryptocurrency. He attended a “B word,” a practical bitcoin discussion behind in July. He was assimilated by Tesla’s Elon Musk and Ark Invest’s Cathy Wood. The 3 showed their support for bitcoin and crypto as a whole during a event. Dorsey has given taken serve stairs to incorporate bitcoin into his businesses. Twitter is a subsequent to welcome cryptocurrency in a new way.
New Interest From Big Tech
Twitter announced a new underline that allows users to name NFTs as their form image. Twitter’s conduct of consumer product selling Justin Taylor common a video that demonstrates how to go about doing so.
Users will click “Change Photo” and afterwards click a “Select NFT” duty according to a City Telegraph news. They will afterwards bond to their digital wallet from Metamask or Coinbase, name one and have a new crypto avatar. People can also arrangement their NFT collections in a new add-on that will be called “Collectibles” located between Twitter activities like “Media” and “Reactions.” More amicable media apps devise to also get involved.
TikTok has also motionless to join a NFT call and launch a possess set of tradition collectibles. It is partnering with big-name celebrities and others on a platform. Lil Nas X, Grimes, Bella Poarch, Rudy Willingham, and Gary Vaynerchuk all have their possess creations in a works. TechCrunch reports this news as a probable pierce to benefit prominence within a NFT village and benefit new users.
Written by Chiagozie Onyewuchi
Edited by Cathy Milne-Ware
TechCrunch (Yahoo): TikTok starts flirting with NFTs; by Lucas Matney
City Telegraph: Twitter to use NFTs as form picture; by Stella Mason
CNBC: Square is building a decentralized financial business regulating bitcoin; by Tanaya Macheel
Crypto Briefing: Twitter’s Jack Dorsey Attends B Word Conference; by Mike Dalton
The Hollywood Reporter: TikTok to Launch NFT Collection With Lil Nas X, Grimes, Bella Poarch, Brittany Broski and More; by J. Clara Chan
Featured and Top Image Courtesy of fdecomite’s Flickr Page – Creative Commons License
Inset Image Courtesy of vjkombajn’s Pixabay Page – Creative Commons License
NFTs Increasing in Popularity combined by Chiagozie Onyewuchi on Oct 12, 2021
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