01/10/2021 TikTok starts flirting with NFTs

The NFT space has had quite the year, and while it can be difficult to separate the billions of dollars in crypto speculation from the potential infrastructure shifts, plenty of mainstream tech companies are dipping their toes into the space and signaling future interest.

This time it’s TikTok’s turn. The fast-growing social media platform, which just crossed 1 billion monthly users worldwide, has lined up its own NFT drop, leveraging content from some of its top creators, including Lil Nas X, Grimes, Bella Poarch, Rudy Willingham and Gary Vaynerchuk. 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 itsdrop 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.

It’s clearly a niche early experiment for the company, which hasn’t previously indicated the same level of NFT interest that platforms like Twitter and Facebook have shown, but it also showcases that they think NFTs are a space worth paying some attention to.

Arts

https://techcrunch.com/2021/09/30/tiktok-starts-flirting-with-nfts/

Interesting NFTs
Pine Seedlings on the First Rat Day (female diver pleasured by octopuses)
Katsushika Hokusai (1760-1849) Pine Seedlings on the First Rat Day (female diver pleasured by octopuses) 1814 - Japan
Leyla
Sup playa! I'm Leyla. All you need to know about me is I hate wet food with a passion. I once got in a fight with a dolphin, and won. We're so fur-tunate to have found each other!
2.0
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Pending Gerbil #10/23
The #PendingGerbil drew his breath nervously. Fail Dropped Dropped and Replaced There were nothing in this world he feared more. He looked at the chords that crossed the abyss in front of him. They were loaded with pending gerbils, clinging for their life. No open space to be seen. The world machine creaked under the load. As the wheel turned and settled on a new block with a load bang, the chords vibrated, and short shrieks were heard as tired paws lost their grip and the gerbils fell into oblivion. #PendingGerbil closed his eyes, sent a short prayer to @VitalikButerin, and took the leap. Written by: @Werekitty1 Pending Gerbil is a very special collaboration with NonFunGerbils (https://nonfungerbils.com/pendinggerbil)