The excitement about NFTs is getting close to a tipping point. Famous people like Justin Bieber and Jimmy Fallon, as well as big companies, are investing a lot in the digital world. People wonder why these parties are so popular when they see what goes on there.
To understand, people need to go back to 2014, when the first nonfungible token, or NFT, was made. NFTs are blockchain-based tokens that verify digital assets. This makes them a great way to keep track of the owners and creators of music, art, and movies and make sure they get paid.
So, making money is not the main reason why these famous people have put hundreds of thousands or even millions of dollars into NFTs. Many people are interested in these digital avatars because of what they stand for: independence for artists, participation in a shared community, and a link to the digital world.
One of the most important new products on the market is Btok, a social network that aims to connect people to the blockchain world. Users of Btok will be able to connect with other blockchain fans and investors, as well as find out the latest project news firsthand. This is how NFTs connect people to digital communities.
With the purchase of the most expensive Bored Ape Yacht Club NFTs on the market, the platform is diving headfirst into NFTs as a super app serving the needs of people in blockchain. Ape #7537, which has brown fur, closed eyelids, bored lips, and a bandolier, which only 2% of the collection has, is now the brand ambassador for the blockchain social networking app. This ape was sold for 1024 ETH, which is the same as $1,240,000.
Keeping a strong position in the blockchain industry
Like other blockchain social media platforms, the Btok platform has become more popular because it stores user content on the unchangeable ledger of the decentralized network. This lets users avoid censorship and keep full control over their content. In line with these industry trends, it’s no surprise that Btok has built a community of over 10 million blockchain users and over 1 million groups. The platform itself is a doorway into the world of blockchain.
On the other hand, Btok wants to go much further by connecting all of the players in the blockchain ecosystem and giving users and project owners solutions. Users will be able to do more than use instant messaging (IM) as a super-featured one-stop blockchain platform. Instead, people will be able to do things like learning about new blockchain projects, taking part in airdrops, and transferring cryptocurrency.
Since it can be downloaded on both Android and iOS smartphones, the social networking platform is proud of how easy it is to use. To join Btok, users only need to add a phone number. This step gives them access to the blockchain community. Users can get help from more than a thousand business partnerships. Some examples are Bithumb Global, Binance, Huobi Global, and LBank.
A growing group of users
The number of people who use the Btok social networking program has grown from 2 million to over 10 million, and the amount of money it brings in has grown from $15 million to $50 million. With some good results already under its belt, the team talks about its goal of becoming one of the biggest social media platforms in the world, with a BAYC member leading the way.
The post As a brand promo, the social networking site invests $1.24 million in NFT appeared first on NFT News Pro.