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

The hype surrounding NFTs is reaching critical mass, with public figures, celebrities such as Justin Bieber and Jimmy Fallon, and large companies making significant investments in the digital sphere. For many, the actions of these parties call into question what all the attraction is about.

To understand the reasoning, users must first go back to 2014, when the first non-fungible token or NFT came to life. NFTs are blockchain-based tokens that authenticate digital assets, making them an ideal way to track music, art and filmmakers and owners to ensure that appropriate parties are compensated for their efforts.

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

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

As a superapp that serves the needs of people in the blockchain, it is only fitting that the platform also dives head first into NFTs with the purchase of the most expensive Bored Ape Yacht Club NFTs on the market. The blockchain app for social media now has Ape # 7537 as its brand ambassador, a piece defined by its bandolier clothing, which only 2% of the collection has, closed eyes, dull mouth and brown fur. At the time of sale, this monkey sold for 1024 ETH, equivalent to $ 1,240,000.

Stays strong on the blockchain front

The Btok platform, like other social media blockchain platforms, has gained popularity for keeping user content on the decentralized network’s unchanging ledger, enabling users to avoid censorship and remain in total control of the content. It is therefore 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, and the platform itself has become a gateway to the blockchain world.

However, Btok aims to expand its reach much further, to connect all parties in the blockchain world, and thus provide solutions to both users and project owners. As a one-stop blockchain platform with super functionality, users will be able to do more than take advantage of instant messaging (IM) functionality. Instead, they will also get a chance to discover upcoming blockchain projects, participate in airdrops and transfer cryptocurrencies, among other notable features.

The social media platform is proud to offer low barriers to use, with the ability to download to either an Android or iOS device. With Btok ready to use, users just need to add a phone number to sign up, an action that will give them access to the blockchain community. Here, users can take advantage of more than 1,000 corporate partnerships, including Bithumb global, Binance, Huobi Global and LBank, among others.

A growing user group

Btok users of social media have grown to include more than 10,000,000 from 2,000,000, with an income growing in the range from 15 to 50 million. With promising numbers under its belt, the team shares its mission to become one of the largest social media platforms around the world, with a member of BAYC leading the charge.