Social media application Parler announced it will join NFT field

It was reported that the social media platform Parler said on Monday that the company will expand its business into the NFT field. This plan of Parler further highlights the rapid growth of this digital asset in recent months.

Moreover, NFT is a digital asset, usually purchased with encrypted currency or U.S. dollars, and can contain everything from images, videos to text. Ownership records are tracked on the blockchain, and the blockchain serves as a public ledger that allows anyone to verify the authenticity of the NFT.

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NFT started trading around 2017, initially gained popularity in early 2021, and then became popular again in August this year.

Just last week, the former first lady of the United States established an NFT and blockchain technology company, which was led by Parler. On Monday, the company said in a statement: “Parler will continue to build its digital products through the establishment of communities and NFT channels that promote creativity, while further fulfilling the platform’s commitment to user freedom and safety.”

Parler is a social media site launched in 2018 to provide free speech space for those seeking to replace major platforms such as Facebook and Twitter.

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