Russia’s largest social media network Vkontakte announces support of non-fungible tokens.
Both will become part of a set of tools for monetizing user-generated content and protecting copyrights, the executive explained. An NFT, Tobol elaborated, is a digital certificate of uniqueness, ensuring it’s impossible to forge the content which is guaranteed by an entry into a distributed ledger.
It is easy to create an NFT, then list it on an exchange. And here, our task as the largest service in Russia for interaction with [an] audience, with an incredible amount of user-generated content, is to provide this opportunity.
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