The Impact of Tiktok on the Cryptocurrency World

Img source: cryptopotato.com

TikTok has dwelled into the NFT game recently. They released a statement where they say that they are utilizing NFTs as a new creative empowerment tool, inspired by the creativity and invention of the TikTok community. TikTok Moments is the new way to support creators and TikTok. The list of artists includes Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Brittany Broski, FNMeka, Jess Marciante, and Gary Vaynerchuk!

Building on their commitment to helping creators achieve their goals in the growing creator economy these NFT’s will be the perfect way to give something to the fans. So this brings out the question of the impact of TikTok in the Crypto world!

TikTok is one of the most popular social media apps in China with over 1 billion downloads and 600 million monthly active users. It was founded in 2017 by two former employees of ByteDance (the company behind Musical.ly), which also owns Toutiao, Douyin, and other companies. The app allows its users to create short videos called “Tik Tok” or “doujinshi” and share them with friends. In 2019, it had about 500 million daily active users worldwide.

TikTok has become an important part of the Chinese internet culture. Users can upload up to 15 seconds long videos to the platform. These videos can contain text, images, audio, and video clips. Videos can be shared among different platforms like WeChat, Instagram, Facebook, etc.

There are many ways to monetize TikTok videos. For example, there are advertisements at the beginning and end of the videos. Also, there are sponsored content ads. The user can earn money through advertising. The more views your video gets, the more you get paid.

Another method is to sell your own products. You can make a video showing how to use your product and then post it on YouTube. After that, you can send people to your website/product page so that they can buy your product. This is called affiliate marketing.

There are many other methods to monetize TikTok but we are not going to cover those here because they are too complicated for beginners.

Img source: pixabay.com

You can learn about crypto on TikTok

So what does all of this have to do with cryptocurrency? Well, TikTok is currently working on integrating blockchain technology into its ecosystem. Blockchain technology is the underlying technology that supports cryptocurrencies such as Bitcoin and Ethereum.

They have already started implementing blockchain technology into some areas of their business. For example, they have integrated blockchain technology into their music distribution system. The goal is to help musicians distribute their songs without having to go through centralized record labels.

This integration could potentially disrupt the traditional music industry. If successful, it would allow artists to directly connect with their fans. This would eliminate middlemen who charge fees for distributing music.

It would also provide transparency to the entire process. Fans would know exactly how much money goes to each artist and how much goes to the label. It would also empower artists to control their own careers. They could decide when and where to release new albums and singles.

Img source: pexels.com

TikTok will encourage research

TikTok will have you consume information so fast and you will have to do a lot of research to follow it all. So if you want to succeed, you need to be prepared. For example, you should start learning about blockchain technology now. There are tons of resources online. You can find tutorials, courses, books, and even podcasts. Before you actually buy any cryptocurrency, TikTok may help you get interested in the technology. Getting a variety of viewpoints (from experts to regular people) helped me develop a list of questions for which we needed answers. Before investing, we recommend taking notes on these videos and doing additional research to obtain answers. You could learn more about crypto and different platforms on http://bwcevent.com/reviews/bitiq-review/.

Music and Crypto

There are already some artists who have integrated blockchain technology into their platforms. For example, the crypto-band Gramatik has released an album called “Nexus” that can be bought with cryptocurrencies like Bitcoin and Ethereum.

This is possible because of smart contracts. With smart contracts, each payment is recorded on a ledger where it cannot be tampered with. This ensures that the right amount goes to each individual artist.

There is an emerging trend of crypto-artists. They are artists who have decided to create their work using blockchain technology. For example, they may sell digital copies of their artwork for cryptocurrencies. This way, you know exactly what percentage of each sale goes to them instead of a middleman.

Img source: dexerto.com

About Cryptocurrency

Crypto is  the future

TikTok will convince you that crypto is the future. The reason why we believe this is because TikTok has over 1 billion users, isn’t just a social media app and connects with other platforms. Digital currencies are growing in value at an unprecedented rate. This makes it the perfect time to get started.

Starting your journey

The best time to start was yesterday, the next best is right now. There are many other useful tips for TikTok like finding influential people on TikTok, how to make money on TikTok, etc. Crypto was complicated to understand at first.

But with the help of TikTok, it seems like a lot more people are starting to catch on.

Img source: pixabay.com

What is crypto?

For those who are uninitiated on what a cryptocurrency is, it’s a form of digital currency that uses cryptography to keep transactions secure. Cryptography refers to the use of codes and ciphers to protect information from being viewed by unauthorized parties. It boomed in 2017 and looks like it will continue to rise.

Cryptocurrencies such as Bitcoin can be used to make purchases on sites like Overstock, Microsoft, Etsy, and other major websites. They are also becoming increasingly popular in online casinos. Bitcoin especially is starting to get widespread acceptance.

Cryptocurrencies are distributed through what is called blockchain technology. The blockchain is a public ledger of every transaction made with cryptocurrencies (like Bitcoin). The way it works is that when someone makes a transaction, it’s recorded on each person’s personal copy of the ledger. Since everyone has their own copy, no one can falsify any data. Transactions are then confirmed by a group of people called miners and the transaction is completed.