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Home»News»Russian Social Media Powerhouse Vkontakte Introduces NFT Service
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Russian Social Media Powerhouse Vkontakte Introduces NFT Service

Saheel KhirodkarBy Saheel KhirodkarDecember 15, 2022Updated:December 17, 2022No Comments2 Mins Read
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Vkontakte, the biggest social network in Russia, has introduced a feature that enables users to upload digital collectibles to the website. In the future, account holders will also be able to buy and sell them as the business plans to create a market for non-fungible tokens.

According to a report on the crypto page of the Russian business news portal RBC, which was cited by the company, the top social media platform in the Russian-speaking market, Vkontakte (VK), has launched an NFT service along with an educational course on non-fungible tokens (NFTs).

At a presentation in Moscow, VK’s CEO Marina Krasnova and Chief Technology Officer Alexander Tobol announced that the new features would soon be accessible to all users. Owners of digital collectibles will be able to transfer them to their accounts using the VK NFT option.

The tokens can also be used as avatars or displayed in a unique showcase in the profile. You must link your cryptocurrency wallet to your account in order to accomplish that. To truly make NFT a mass technology, Krasnova said, “our task is to simplify user interaction with it.”

Additionally, VK will create an NFT hub where information such as news, announcements, market analytics, and case studies can be shared. The platform’s team will utilise the area to interact with the NFT community, share ideas, and look for potential partners, according to the report.

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Saheel Khirodkar
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Saheel works as a content writer for Bitnewstoday. He has always been interested in journalism and enjoys writing. Furthermore, His interest lies in cryptocurrency, and is continuously seeking for new techniques to invest. In his free time, he enjoys staying up to date on the latest industry news and spending time with his family.

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