{"id":320577,"date":"2022-02-22T10:50:14","date_gmt":"2022-02-22T15:50:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=320577"},"modified":"2022-02-22T10:50:14","modified_gmt":"2022-02-22T15:50:14","slug":"vkontakte-russian-social-network-announces-nft-features","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/vkontakte-russian-social-network-announces-nft-features","title":{"rendered":"VKontakte Russian social network announces NFT features"},"content":{"rendered":"
VKontakte (VK) is russian social network. A few days ago, on February 18th, VK announced that they will start supporting NFTs<\/a>. NFTs are unique cryptographic tokens. Unlike Bitcoin, which can be traded for another Bitcoin and have the same thing, NFTs are non-fungible and represent a one-of-a-kind trading card. NFTs are sold online in the forms of videos, art, music, in-game items, and so on.<\/p>\n In this case, NFTs would be used to protect copyrights and monetize user-generated content. Alexandar Tobol the technical director of the platform. He mentions that this is rather just a helping hand and it will not create its own, new blockchain.<\/p>\n Vkontakte currently has over 650 million active users. This makes it the most popular social network service in Russia. Tobol said that NFTs offer a guarantee of copyright and originality in different countries.<\/p>\n