Thursday, January 20, 2022

NFT innovator HODL Assets acquires blockchain social commerce firm CoinLinked

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HODL Property, a nonfungible token (NFT) aggregator platform, has introduced the acquisition of blockchain-based social community and commerce platform CoinLinked.

In keeping with a launch issued on Wednesday, Wall Avenue veteran and CoinLinked founder Jenny Q. Ta can even be part of the HODL Property group as chief working officer.

The CoinLinked acquisition is a part of a broader plan by HODL Property to upscale its presence within the nonfungible token area with the launch of its NFT market dubbed HODL platform.

HODL Asset’s new NFT platform will reportedly provide gaming and social networking options to the increasing NFT area. The CoinLinked acquisition probably ties into these plans, with Ta beforehand telling Cointelegraph that the blockchain social community platform was an “amalgamation of Twitter, Instagram and Amazon.”

Chatting with Cointelegraph, Ta acknowledged that NFTs could possibly be the “killer app” for Net 3.0 a lot in the identical approach e-commerce and social media have dominated the present web structure, stating:

“NFTs are completely the following step for disintermediation of the web, because the time has come when individuals are demanding possession of their belongings, and rightfully so. The web is about gaining consideration of the lots and fixed change, flowing of data, whereas NFTs are about gaining consideration of the person and are a static snapshot of time.”

As such, the HODL platform is seeking to combine CoinLinked’s processes to supply options not presently on present on different NFT marketplaces. As a part of the announcement, the corporate acknowledged its imaginative and prescient of creating NFTs extra mainstream.

Associated: Visa invests $150,000 in NFT CryptoPunk Asset

Detailing the probably roadmap for broad-based nonfungible token adoption, Ta recognized social media and gaming as intermediate steps on the street to creating NFTs extra accessible.

As beforehand reported, NFT gaming, particularly the play-to-earn selection, has been gaining significant popularity across the globe.

In keeping with the CoinLinked founder and new HODL Property chief working officer, the mixing of NFTs and social media on the blockchain will create a platform that can alter the dynamics of digital content material possession.

Following its CoinLinked acquisition, HODL Property can also be planning to relocate from South Africa to the US.