Weibo launches NFT marketplace, allowing users to mint posts

Weibo, a social media platform known as the Chinese equivalent of Twitter with 249 million daily active users, launched its non-fungible token (NFT) marketplace TopHolder on Thursday, allowing users to mint their original posts into NFTs and sell them.

Users will need to pass an internal KYC verification process before participating in minting and selling NFTs on TopHolder. Participants are subject to penalties if their NFTs are found to be plagiarized from other users.