Social media platform Parlor on Monday stated it’ll increase its enterprise to non-fungible tokens (NFTs), underscoring the fast development of the digital asset in current months.
An NFT, which is a digital asset usually bought in cryptocurrencies or {dollars}, contains every little thing from photographs, movies to textual content. Ownership information are tracked on the blockchain, which acts as a public ledger permitting anybody to confirm the authenticity of the NFTs.
Traded since round 2017, NFTs initially gained reputation in early 2021 and once more round August. Last week, former US First Lady Melania Trump launched an NFT and blockchain know-how enterprise led by Parlor.
“Parlor will continue to build out its digital offering with an NFT pipeline that builds communities and fosters creativity, while furthering its commitment to freedom of expression and protection,” the corporate stated in a press release on Monday. “
The app was launched in 2018 as a social-media web site, styling itself as a free-speech house for these searching for a substitute for main platforms like Facebook Inc. and Twitter.
It shortly gained traction from supporters of former US President Donald Trump. However, the parlor went darkish for almost a month after it was hacked by main know-how platforms Apple Inc., Google guardian Alphabet Inc. and Amazon.com Inc., which accused the app of failing. Police violent materials associated to the lethal January 6 assault on the US Capitol by Trump supporters
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With inputs from TheIndianEXPRESS
