NFT innovator HODL Property acquires blockchain social commerce agency CoinLinked

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HODL Property, a nonfungible token (NFT) aggregator platform, has introduced the acquisition of blockchain-based social community and commerce platform CoinLinked.

In line with a launch issued on Wednesday, Wall Road veteran and CoinLinked founder Jenny Ta may also be a part of the HODL Property crew as chief working officer.

The CoinLinked acquisition is a part of a broader plan by HODL Property to upscale its presence within the nonfungible token house with the launch of its NFT market dubbed HODL platform.

HODL’s new NFT platform will reportedly provide gaming and social networking options to the increasing NFT house. The CoinLinked acquisition possible ties into these plans with Ta beforehand telling Cointelegraph that the blockchain social community platform was an “amalgamation of Twitter, Instagram, and Amazon.

Talking to Cointelegraph, Ta acknowledged that NFTs could possibly be the “killer app” for Internet 3.0 a lot in the identical approach e-commerce and social media have dominated the present web structure, stating:

“NFTs are completely the following step for disintermediation of the web because the time has come when individuals are demanding possession of their property, and rightfully so. The web is about gaining consideration of the lots and fixed change, flowing of data, whereas NFTs are about gaining consideration of the person and are a static snapshot of time.”

As such, the HODL platform is trying to combine CoinLinked’s processes to supply options not presently on present on different NFT marketplaces. As a part of the announcement, the corporate acknowledged its imaginative and prescient of creating NFTs extra mainstream.

Associated: Visa invests $150,000 in NFT CryptoPunk Asset

Detailing the possible 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 important reputation throughout the globe.

In line with the CoinLinked founder and new HODL Property COO, the combination of NFTs and social media on the blockchain will create a platform that can alter the dynamics of digital content material possession.

Following its CoinLinked acquisition, HODL Property can be planning to relocate from South Africa to the US.