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TikTok’s NFTs Run Into Issues As Artists Reportedly Hesitate To Participate
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Social media platform TikTok recently unveiled plans to expand to non-fungible tokens (NFTs), but it seems to have run into trouble, with some critics describing its planned NFT rollout as a flop.
Named 'TikTok Top Moments' and comprising a batch of trending music videos by artists such as US rapper Lil Nas X, and Filipino-American social media personality and singer Bella Poarch, the tokens were to be made available on Ethereum (ETH) this month. However, despite the hype the platform attempted to create around the collection, US magazine Rolling Stone claims that industry insiders are calling Tik Tok’s efforts anything but successful.
“Proceeds will largely go directly to the creators and NFT artists involved, providing TikTok and NFT fans
Read more on cryptonews.comAbout this in other media
A play-to-earn blockchain envisions a revolutionary token economy through the ‘perfect combination’ of DeFi and NFTs cointelegraph.com /3 years ago
Trick or Treat: Will Halloween NFTs be hauntingly good or too spooky for crypto? cointelegraph.com /3 years ago
Celebrities are embracing NFTs in a big way cointelegraph.com /3 years ago
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