The collection will feature six TikTok videos as one-of-a-kind NFTs and a series of limited-edition NFTs inspired by cultural moments from the short-form video platform.
LOS ANGELES — TikTok’s first officially minted in NFT collection, “TikTok Top Moments,” will roll out this fall — starting with digital collectibles from Lil Nas X next month.
The collection will feature six TikTok videos as one-of-a-kind NFTs and a series of limited-edition NFTs inspired by cultural moments from the short-form video platform. NFTs (non-fungible tokens) provide a way to certify ownership of digital content using distributed blockchain technology — essentially, they’re like virtual versions of physical collectibles like artwork.
Lil Nas X will be the first creator to launch one-of-one and limited-edition TikTok NFTs, with artist Rudy Willingham, which will go on sale Oct. 6.
The single-edition Lil Nas X TikTok NFT will feature Rudy Willingham’s viral stop-motion video of the artist’s “Montero (Call Me By Your Name).” Each of the 81 frames of the TikTok video features Willingham’s signature cutouts, photographed against a background that “reflects a different part of [Lil Nas X’s] genius,” according to TikTok.
Other creators releasing TikTok NFTs are Bella Poarch, Curtis Roach, Brittany Broski, FNMeka, Jess Marciante and Gary Vaynerchuk, who partnering with NFT artists including Coin Artist, x0r, RTFKT and Grimes.
The single-edition NFTs will be made available on Ethereum blockchain and the limited-edition NFTs will be powered by Immutable X, which claims to be the first carbon-neutral Layer 2 scaling solution for Ethereum. A series of weekly drops will take place via a dedicated section of Immutable’s site through the end of the month, after which the NFTs can be minted and traded on Immutable X.
According to TikTok, proceeds from the NFT sales will “largely” go directly to the creators and NFT artists involved or charities.