Top Russian Social Media, Vkontakte, Announces NFT Integration

Russia’s main social media platform, Vkontakte, intends to hitch the NFT house. The ‘Russian Fb’ has over 70 million lively customers. Now, it’s methods to make use of blockchain know-how and NFTs.

As NFTs and blockchain know-how enter the mainstream, main firms are actually trying to combine them into their present methods. Established in 2006, it’s a big platform in The Russian Federation. Actually, Vkontakte is the second most visited web site within the nation, after Yandex, the search engine portal.

In an interview with Vesti, Vkontakte Technical Director Alexander Tobol mentioned getting into NFT and Blockchain house. He acknowledged, “It’s simple to create an NFT, then listing it on an alternate. And right here, our activity as the most important service in Russia for interplay with [an] viewers, with an unimaginable quantity of user-generated content material, is to supply this chance.”

The transfer will create a large alternative for the 60 million Vkontakte lively customers to create, purchase and commerce NTS. The corporate intends to make use of each NFT and blockchain know-how to monetise user-generated content material and shield copyrights.

In the meantime, to keep away from scams, fraud and fakes, Vkontakte will use its present Content material ID system for proof of authorship of all content material. This transfer will present its prospects with a larger motivation to make use of the know-how.

It’s undoubtedly an thrilling time to see a giant firm equivalent to Vkontakte getting into the NFT house. It’s going to permit new expertise to come up and for folks to seek out new communities to hitch.