VKontakte (VK), a Russian social network, will introduce NFT support for users who want to monetise their content. On platforms like OpenSea, users will be able to sell these NFTs.
According to media reports published on February 18, the Russian social network VKontakte has declared that it will enable NFTs.
In an interview, Alexander Tobol, the platform's technical director, indicated that NFTs would be used to commercialize user-generated content and safeguard copyrights.
He also clarified that VK will not construct its own blockchain, but would instead operate as a facilitator and assistance.
VK is Russia's most popular social networking platform, with almost 650 million users as of April 2021. The goal appears to be to get NFTs to stimulate the creation of user content and, as a result, the value derived from it. According to Tobol,
“Our task is precisely to provide the ability to download content easily create an NFT token, then place it on the exchange. And here our task as the largest service in Russia for interacting with an audience with an incredible amount of user content is to provide it with this opportunity."
In addition, Tobol notes that users can trade on various platforms, be it Solanart, OpenSea or any then more stories.
When it comes to music and videos, the site appears to be concerned about copyright infringement. VK will verify the authorship of every downloaded music and movies using its existing content ID system. According to Tobol, the VK's NFT solution will ensure that copyright regulations are followed.