TikTok is launching a collection of Non Fungible Tokens (NFT), where top creators will collaborate with top NFT creators. For details of the news Cryptocoin. com continue reading e.
How will the sales revenue of the NFT collection be distributed?
The newly-announced TikTok Top Moments (TikTok Best Moments) feature six “handy-key TikTok videos” as one-on-one NFTs from creators like Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Brittany Broski, FNMeka, Jess Marciante, and Gary Vaynerchuk. will contain. These creators will collaborate with COIN ARTIST, x0r, RTFKT, Grimes and others to create limited edition NFTs inspired by trending videos. According to TikTok, the proceeds from NFT sales will largely go directly to the respective creators and NFT artists. However, proceeds from the Brittany Broski and Grimes collaboration will go to charities.
Lil Nas X will release the collection’s first one-on-one NFT and will collaborate with Rudy Willingham to launch the collection’s first limited edition NFT. The project will be made available on Ethereum and will be supported by Immutable X, a layer-2 protocol for NFTs. The first ‘drop’ of the collection will take place on October 6, but the videos will be presented in a collection titled Endless Duedollarser: Co-Creating on TikTok at the Harekedollarsi Image Museum in Queens, NY from October 1 to November 5.