Russian Social Media Giant Vkontakte Launches NFT Service

Russia’s largest social community, Vkontakte, has launched a characteristic permitting customers to add digital collectibles to the platform. Account holders can even be capable of purchase and promote them sooner or later as the corporate intends to ascertain a market for non-fungible tokens.
Vkontakte Customers to Showcase Their NFTs, Set Them as Avatars
The main social media community within the Russian-speaking section, Vkontakte (VK), has launched an NFT service together with an academic course on non-fungible tokens (NFTs), the crypto web page of the Russian enterprise information portal RBC reported, quoting the corporate.
The brand new options might be obtainable to all customers inside a couple of days, VK’s CEO Marina Krasnova and Chief Know-how Officer Alexander Tobol introduced throughout a presentation in Moscow. The VK NFT possibility will permit homeowners of digital collectibles to switch them to their accounts.
Moreover, the tokens may be employed as avatars or offered in a particular showcase within the profile. With the intention to do this, you’ll have to hyperlink your crypto pockets to your account. “Our task is to simplify user interaction with NFT and make it truly a mass technology,” Krasnova commented.

VK can even set up an NFT hub the place information, bulletins, market analytics, and case research may be shared. The platform’s group will use the house to speak with the NFT neighborhood, alternate concepts and seek for potential companions, the report detailed.
Vkontakte plans to launch its personal NFT assortment in January 2023, and a full-fledged NFT market at a later stage to supply customers a chance to buy and resell collectibles. The social media big needs to combine the expertise into its different merchandise as properly, comparable to gaming and items.
Russian authorities have been mulling over proposals to develop the authorized framework for crypto belongings to cowl extra associated actions and merchandise. A report in July revealed that the Ministry of Economic system is engaged on amendments to manage the NFT house. In September, Russia’s largest financial institution, Sber, announced its intentions to permit customers of its proprietary blockchain platform to concern NFTs.

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avatars, collectibles, Crypto, crypto assets, Cryptocurrencies, Cryptocurrency, Digital Collectibles, Marketplace, nft, NFT marketplace, NFTs, Non-fungible tokens, Russia, russian, Social Media, Social Network, Token, Tokens, users, VK, Vkontakte
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Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Japanese Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Moreover crypto, blockchain and fintech, worldwide politics and economics are two different sources of inspiration.

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