Twitter and TikTok embrace NFTs: mainstream adoption incoming?
Social media giants embracing NFTs could be the start of a new reputation system used in an increasingly digital world. Twitter, which has seen its user base steadily grow to surpass 185 million users last year, is experimenting with NFTs to allow users to display their collections as their profile pictures.According to Mada Aflak, a senior software engineer at Twitter, the microblogging platform is working on new functionality that will let users import their NFT collections from their wallets on the blockchain. The feature would display a verified checkmark based on the blockchain the....
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Social media platforms have had their foot on the gas lately, and now TikTok is digging in deeper. Earlier in the week, we took the first look at NFTs on Twitter. Now, a recent announcement from TikTok has shared that creator-curated NFTs are on their way, powered by Immutable X. The move is another huge […]
With TikTok facing the prospect of removal from the United States, users should realize that traditional tech companies are far less reliable than the decentralized web. People are often skeptical about Web3, many of them influencers and digital content creators. Notably, many of those most reluctant to embrace Web3 are very successful on Web2. Since they’ve mastered monetization on popular Web2 platforms such as TikTok, Twitch and others, why bother learning the rules of a new game? The current regulatory debate around restricting TikTok in the U.S. provides a salient example of the risks....
Social media platforms are turning the dial up on NFTs this past week. Both TikTok and Twitter caught some attention in NFT communities as the platforms take steps towards ingraining NFTs in their respective businesses. Meanwhile, Dogecoin’s co-founder suggests that NFTs could be a solution, and Epic Games’ CEO Tim Sweeney isn’t sold yet on […]
The NFT launch features prominent TikTokers including Lil Nas X, Bella Poarch, Curtis Roach, Brittany Broski and others. Social media platform TikTok has announced its first foray into the nonfungible token, or NFT, market with a new collection inspired by its leading trend-setters.On Thursday, the company announced TikTok Top Moments, a new program that allows content creators to be recognized and rewarded for their content. The NFT drops will be launched on Ethereum and powered by Immutable X, a new scaling solution for layer-two NFT protocol Immutable. TikTok Top Moments is said to....
The Better Business Bureau (BBB) has warned about cryptocurrency scams on Tiktok. “You are scrolling through Tiktok when you come across a video showing a pile of cash. The creator says they earned the stack of money in just a few days by investing in cryptocurrency,” the BBB detailed.
Crypto Scammers Defrauding Tiktok Users
The Better Business Bureau (BBB) warned of cryptocurrency scams on the popular video-hosting platform Tiktok Friday. Founded in 1912, the BBB is a private, nonprofit organization that empowered people to find businesses, brands, and charities....