The social networking platform spends $1.24 million in NFT as a brand ambassador.

The social networking platform spends $1.24 million in NFT as a brand ambassador.

Public figures, brands, and celebrities are investing millions in NFTs..
June 16, 2022

The hype around NFTs reaches a critical mass, with public figures, celebrities like Justin Bieber and Jimmy Fallon, and large companies making significant investments in the digital space. For many, the actions of these parties make them question what all the attraction is about.

To understand why, users first need to go back to 2014, when the first non-foungible token, or NFT, came to life. NFTs are blockchain-based tokens that authenticate digital assets, making them an ideal way to track the creators and owners of music, art and film, ensuring that the efforts of the appropriate parties pay off.

As a result, profit isn't the main reason these public figures invest hundreds of thousands, if not millions, in NFTs. Many people, on the other hand, have found immense appeal in what these digital avatars represent: artistic freedom, belonging to a common community, and a portal into the digital environment.

Credits TrustWallet

Btok, a social network aiming to connect individuals to the blockchain world, is one of the primary participants joining the sector. Btok users will be able to engage with like-minded blockchain enthusiasts, fellow investors, and, of course, learn personally about the newest project news, similar to how NFTs enter the platform and connect people to digital communities.

It's only fair that the platform, as a super app addressing the needs of people on the blockchain, is delving into NFTs for the first time by purchasing the most expensive Bored Ape Yacht Club NFTs on the market. Ape #7537, a hard-wearing item with closed eyes, clinched jaw, and brown fur found in only 2% of the collection, is now the brand ambassador for the blockchain social media app. This Monkey was sold for 1024 ETH (about $1,240,000.) at the time of the sale.

Credits BAYC

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 decentralized network, allowing users to circumvent censorship and maintain complete control over their content. It's no surprise, then, that Btok has amassed a community of over 10 million blockchain users and 1,000,000+ groups, thus making the platform a portal to the blockchain world.

Btok, on the other hand, wants to go out even 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 only use the instant messaging (IM) capabilities as a one-stop blockchain platform with super capability. Instead, you'll have the opportunity to learn about interesting blockchain projects, take part in airdrops, and transfer cryptocurrency, among other things.

With the ability to download to an Android or iOS smartphone, the social networking site prides itself on having low barriers to entry. Users only need to add a phone number to join up once Btok is ready to use; this action will get them access to the blockchain community. Users can benefit from 1000+ firm collaborations, including Bithumb Global, Binance, Huobi Global, and LBank, to name a few.

Users of the Btok social media app have increased from 2 million to more than 10 million, with revenue increasing from 15 million to 50 million. With promising stats, the team discusses their goal of becoming one of the largest social media platforms in the world with a BAYC member.

Disclaimer. NFT Mint Radar does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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