Parler, the microblogging and social networking service announced is planning to venture into NFTs (non-fungible tokens) and take advantage of the wave of digital assets phenomenon.
“Parler will continue building its digital offering with an NFT pipeline that builds communities and fosters creativity while furthering its commitment to free speech and security,” the company said in a statement on Monday.
What is NFTs all about?
An NFT, which is a digital asset usually bought with cryptocurrencies, encompasses everything from images, videos to text. The ownership record is tracked on the blockchain, which serves as a public ledger allowing anyone to verify the NFT’s authenticity.
About Parler
The app was launched in 2018 as a social-media site, styling itself as a free-speech space for those seeking an alternative to major platforms such as Facebook and Twitter. It quickly gained traction from supporters of former U.S. President Donald Trump.
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