The social media platform TikTok has created a new NFT collection inspired by trendsetting users.
On Thursday, the company introduced TikTok Top Moments, a new show aimed at promoting and rewarding creators. The NFT options will launch on the Ethereum network and will be powered by Immutable X, a new scaling solution for the Immutable second-layer NFT protocol.
TikTok Top Moments is said to feature six TikTok videos from the most influential content providers on the net. Each NFT aims to celebrate the influence these creators have had in making TikTok one of the largest social networks in the world.
The company said proceeds from sales will go directly to NFT’s creators and artists.
Related: Twitter Introduces New Feature That Will Allow NFTs To Be Used As Profile Photos
TikTok appears to be slowly turning to blockchain technology as part of its overall business strategy. As Cointelegraph recently reported, the company has partnered with blockchain streaming platform Audius for a new feature called TikTok Sounds. The integration allows Audius users to export songs created in the protocol to TikTok.
TikTok has nearly 1 billion users, and its audience in the United States is increasingly using the app to discover new artists and songs. Since the launch of its core network services in October 2020, Audius’ user base has reached 5 million.
NFTs have become a major driver of blockchain adoption, with companies and individuals eager to adopt digital collectibles. Total NFT sales reached $ 4 billion in August, making it the busiest month for this emerging industry.