Russian Social Media Giant Vkontakte Launches NFT Service

Russia’s largest societal network, Vkontakte, has launched a diagnostic allowing users to upload integer collectibles to the platform. Account holders volition besides beryllium capable to bargain and merchantability them successful the aboriginal arsenic the institution intends to found a marketplace for non-fungible tokens.

Vkontakte Users to Showcase Their NFTs, Set Them arsenic Avatars

The starring societal media web successful the Russian-speaking segment, Vkontakte (VK), has introduced an NFT work on with an acquisition people connected non-fungible tokens (NFTs), the crypto leafage of the Russian concern quality portal RBC reported, quoting the company.

The caller features volition beryllium disposable to each users wrong a fewer days, VK’s CEO Marina Krasnova and Chief Technology Officer Alexander Tobol announced during a presumption successful Moscow. The VK NFT enactment volition let owners of integer collectibles to transportation them to their accounts.

Furthermore, the tokens tin beryllium employed arsenic avatars oregon presented successful a peculiar showcase successful the profile. In bid to bash that, you’ll request to nexus your crypto wallet to your account. “Our task is to simplify idiosyncratic enactment with NFT and marque it genuinely a wide technology,” Krasnova commented.

VK volition besides found an NFT hub wherever news, announcements, marketplace analytics, and lawsuit studies tin beryllium shared. The platform’s squad volition usage the abstraction to pass with the NFT community, speech ideas and hunt for imaginable partners, the study detailed.

Vkontakte plans to motorboat its ain NFT postulation successful January 2023, and a full-fledged NFT marketplace astatine a aboriginal signifier to connection users an accidental to acquisition and resell collectibles. The societal media elephantine wants to integrate the exertion into its different products arsenic well, specified arsenic gaming and gifts.

Russian authorities person been mulling implicit proposals to grow the ineligible model for crypto assets to screen much related activities and products. A study successful July revealed that the Ministry of Economy is moving connected amendments to modulate the NFT space. In September, Russia’s largest bank, Sber, announced its intentions to let users of its proprietary blockchain level to contented NFTs.

Do you expect different Russian companies to participate the NFT market? Tell america successful the comments conception below.

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