Social networking platform buys NFT for $1.24 million as its brand ambassador

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The hype around NFTs is reaching a critical mass, with public figures, celebrities like Justin Bieber and Jimmy Fallon, and major corporations investing heavily in the digital sphere. For many, the actions of these parties call into question the rationale for all this attraction.

To understand the reasoning, users must first go back to 2014, when the first non-fungible token or NFT saw the light of day. NFTs are blockchain-based tokens that authenticate digital assets, making them an ideal method to track creators and owners of music, art, and movies to ensure the appropriate parties are compensated for them. Their efforts.

Therefore, profit is not the only reason why these public figures have invested hundreds of thousands, if not millions, in NFTs. On the contrary, many have found major appeal in what these digital avatars represent, freedom for artists, belonging to a shared community, and a bridge to the digital realm.

Notable players entering the market include Btok, a social network designed to connect people to the world of blockchain. Just as NFTs connect people to digital communities, upon entering the platform, Btok users will have the chance to join like-minded blockchain enthusiasts, other investors, and of course, learn from first hand the latest news from the project.

As a super app catering to the needs of blockchain users, it is fitting that the platform also dives headfirst into NFTs with the purchase of the most expensive Bored Ape Yacht Club NFTs in the market. The blockchain social media app now holds Ape #7537 as its brand ambassador, a piece defined by its shoulder-strap clothing, which only 2% of the collection owns, with its eyes closed, bored mouth, and brown fur. At the time of the sale, this Ape was selling for 1024 ETH, equivalent to $1,240,000.

Stay strong on the blockchain front

The Btok platform, like other blockchain social media platforms, has gained popularity for keeping users’ content on the decentralized network’s immutable ledger, allowing users to avoid censorship and maintain control. total on their content. So it’s no surprise that in line with these industry trends, Btok has built a community of over 10 million blockchain users and over 1,000,000 groups, the platform itself becoming a gateway to the blockchain world.

However, Btok aims to extend its reach much further, to connect all parties within the blockchain world, thereby providing solutions for users and project owners. As a one-stop blockchain platform with super features, users will be able to do more than enjoy instant messaging (IM) functionality. Instead, they will also have the ability to discover promising blockchain projects, participate in airdrops, and transfer cryptocurrencies, among other notable features.

More information about Btok here

The social media platform prides itself on offering low user barriers, with the ability to download to an Android or IOS device. With Btok out of the box, users only need to add a phone number to register, an action that will give them access to the blockchain community. Here, users can take advantage of over 1000 corporate partnerships, including Bithumb global, Binance, Huobi Global, and LBank, among others.

A growing user group

The users of the Btok social media app have grown to include more than 10,000,000 from 2,000,000, with revenue increasing in proportion from 15 million to 50 million. With promising numbers under their belt, the team shares their mission to become one of the biggest social media platforms in the world, with a BAYC member leading the charge.

Disclaimer. Cointelegraph does not endorse any content or product on this page. Although we aim to provide you with all important information we may obtain, readers should do their own research before taking any action related to the company and take full responsibility for their decisions, and this article cannot no longer be considered as investment advice.

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