Lil Nas X, Grimes Featured in TikTok NFT Collection — CoinDesk

Lil Nas X, Grimes Featured in TikTok NFT Collection — CoinDesk

A catch is that because these NFTs are built on Immutable, as opposed to the base layer of the Ethereum network, they’re not interoperable with the rest of the blockchain. And rather than holding an auction on a marketplace like OpenSea on Nifty Gateway, TikTok has opted to create its own digital auction house – another way in which these NFTs are somewhat siloed off from the rest of the crypto ecosystem.

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