NFT innovator HODL Assets acquires blockchain social commerce agency CoinLinked
HODL Assets, a nonfungible token (NFT) aggregator platform, has introduced the acquisition of blockchain-based social community and commerce platform CoinLinked.
According to a launch issued on Wednesday, Wall Street veteran and CoinLinked founder Jenny Ta can even be part of the HODL Assets staff as chief working officer.
The CoinLinked acquisition is a part of a broader plan by HODL Assets to upscale its presence within the nonfungible token area with the launch of its NFT market dubbed HODL platform.
HODL’s new NFT platform will reportedly supply gaming and social networking options to the increasing NFT area. The CoinLinked acquisition doubtless ties into these plans with Ta beforehand telling Cointelegraph that the blockchain social community platform was an “amalgamation of Twitter, Instagram, and Amazon.”
Speaking to Cointelegraph, Ta said that NFTs could possibly be the “killer app” for Web 3.0 a lot in the identical approach e-commerce and social media have dominated the present web structure, stating:
“NFTs are absolutely the next step for disintermediation of the internet as the time has come when people are demanding ownership of their assets, and rightfully so. The internet is about gaining attention of the masses and constant change, flowing of information, while NFTs are about gaining attention of the individual and are a static snapshot of time.”
As such, the HODL platform is trying to combine CoinLinked’s processes to supply options not at present on present on different NFT marketplaces. As a part of the announcement, the corporate said its imaginative and prescient of constructing NFTs extra mainstream.
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Detailing the doubtless 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, is gaining vital reputation throughout the globe.
According to the CoinLinked founder and new HODL Assets COO, the combination of NFTs and social media on the blockchain will create a platform that may alter the dynamics of digital content material possession.
Following its CoinLinked acquisition, HODL Assets can also be planning to relocate from South Africa to the United States.