Rumors have finally been confirmed by sources close to Rolling Stone that the NFT project by Tik Tok featuring Grammy winner Lil Nas X has been fully scrapped. Although it was meant to launch last Wednesday, it has yet to be released and Tik Tok has declined to make any statements, only mentioning delays. Insider information states that the project was a disaster and a laughing stock.
The Tik Tok Top Moments NFT project generated a lot of excitement when it was introduced. As of September, it is an assembly of six unique NFTs accessible through Ethereum that utilize Immutable X’s platform, which it claims to be the initial carbon-neutral Layer-2 scaling solution for Ethereum. For more information on this project, refer to the link provided.
The NFT project emphasizes the significance of Tik Tok’s influence on global culture. Leading the effort are well-known personalities such as Lil Nas X and Bella Poarch, among others. Tik Tok has gone to great lengths to ensure the success of this initiative, collaborating with prominent NFT creators like Grimes, x0r, and COIN ARTIST who played a role in the design.
So what’s next?
Tik Tok recently revealed that it has surpassed one billion monthly active users globally. The NFT community was anticipating that this would bring substantial focus to the NFT sector. However, this has turned out to be a major disappointment and the future impact on the project remains uncertain. Let’s hope this setback does not negatively impact the entire project and we will soon be able to admire the amazing artworks produced by these talented artists.
FAQ
Does Lil Nas X have an NFT?
Yes, Lil Nas X has released an NFT (non-fungible token) collection called “Montero (Call Me By Your Name)” on the blockchain platform Immutable X.
The collection includes a range of digital items such as images, videos, and audio recordings.Lil Nas X was set to be the first artist to drop official TikTok NFTs in October, however, the collaboration has since been shelved. Fans were initially excited about the news, but it has since been cancelled entirely. The technology is still relatively new and delays are not uncommon for NFTs.
lil nas x nft auction
Lil Nas X’s NFT collection “Montero (Call Me By Your Name)” was auctioned off on the Immutable X platform. The auction ran from February 25th to March 10th, 2023, and the NFTs were sold to the highest bidder. The NFTs in this collection are unique and one-of-a-kind, and their value is determined by market demand.
lil nas x nft market value
The market value of Lil Nas X’s NFT collection “Montero (Call Me By Your Name)” can vary greatly depending on several factors, including the level of demand for the NFTs and their rarity. NFT values are determined by the market, and as such, can fluctuate greatly over time. The value of NFTs can also be influenced by various external factors, such as celebrity endorsement, scarcity, and the popularity of the particular artist or cultural phenomenon they are tied to. It’s important to note that NFTs are a relatively new and rapidly evolving market, and as such, their value can be highly speculative