China rolls back crypto ban
China rolls back crypto ban for TikTok NFT launch.
China's TikTok is announcing its first NFT collection with top celebrities and crypto artists like Lil Nas X, Grimes, Bella Poarch, Brittany Broski and more.
TikTok, known in China as Douyin, is a video-sharing focused social networking service owned by Chinese company ByteDance.
*Important Trend*— Jeremiah Owyang (@jowyang) September 30, 2021
Web 2.0 companies seek to become Web 3.0 savvy:
-Twitter to enable BTC/ETH tips, validate NFT profile photos,
-Tiktok launching NFTs for top creators,
-Reddit expected to launch tokens for community,
-Facebook seeks to leap ahead into Metaverse
The collection will feature six TikTok videos as one-of-one NFTs, as well as a set of limited edition NFTs inspired by major cultural moments from TikTok, the company said. Lil Nas X, in collaboration with the artist Rudy Willingham, will be the first to put his NFT up for sale on Oct. 6.