Public figures, brands, and celebrities are investing millions in NFTs for a variety of reasons.
The excitement surrounding NFTs is reaching critical mass, with public figures, celebrities such as Justin Bieber and Jimmy Fallon, and major corporations investing heavily in the digital sphere. The activities of these parties have many people questioning what the attraction is all about.
To grasp the explanation, users must go back to 2014, when the first nonfungible token, or NFT, was created. NFTs are blockchain-based tokens that authenticate digital assets, giving them a perfect way to track music, art, and film producers and owners and ensuring that they are properly reimbursed.
As a result, profit isn’t the main reason why these celebrities have poured hundreds of thousands, if not millions, of dollars into NFTs. Rather, what these digital avatars represent, independence for artists, membership in a common community, and a bridge to the digital sphere, has piqued the interest of many.
Btok, a social network aiming to connect individuals to the blockchain world, is one of the significant newcomers to the market. Btok users will be able to join like-minded blockchain aficionados, fellow investors, and, of course, discover the newest project news firsthand, just 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 plunging head first into NFTs as a super app serving the needs of people in blockchain. Ape #7537, a piece identified by its bandolier attire, which only 2% of the collection has, closed eyelids, bored mouth, and brown fur, is now the brand ambassador for the blockchain social networking app. This Ape was sold for 1024 ETH, which is the equivalent of $1,240,000.
Maintaining a solid position in the blockchain space
The Btok platform, like other blockchain social media platforms, has grown in popularity because to its ability to retain user content on the immutable ledger of the decentralised network, allowing users to circumvent censorship and maintain complete control over their content. It’s no surprise, then, that Btok has built a community of over 10 million blockchain users and over 1,000,000 groups in line with these industry trends, the platform itself becoming a gateway to the blockchain world.
Btok, on the other hand, wants to go far further, connecting all players in the blockchain ecosystem and delivering solutions to both users and project owners. Users will be able to do more than use the instant messaging (IM) capabilities as a one-stop blockchain platform with super features. Instead, consumers will have the opportunity to learn about new blockchain projects, engage in airdrops, and transfer cryptocurrency, among other things.
The social networking platform takes pleasure in having low entry barriers, as it can be downloaded on either an Android or an iOS device. Users only need to add a phone number to join up for Btok, and this action will provide them access to the blockchain community. Users can benefit from over 1000 company collaborations, including Bithumb Global, Binance, Huobi Global, and LBank, to name a few.
Btok social media programme users have increased from 2,000,000 to more than 10,000,000, with income increasing in proportion from 15 to 50 million. With promising results under its belt, the team discusses its goal of becoming one of the world’s largest social media platforms, with a BAYC member leading the effort.
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This article is just for educational purposes.
Make your own exploration before making any form of investment, as always.
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