Social networking platform purchases NFT worth $1,24 million as its brand ambassador
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 of its ability to retain user content on the immutable ledger of the decentralized network, allowing users to circumvent censorship and maintain complete control over their content. It’s no wonder, then, that Btok has established a community of over 10 million blockchain users and over 1,000,000 groups in line with these industry trends, the platform itself being a doorway to the blockchain world.