TikTok Has 1st Viral Bitcoin Video as Owner Launches DLT Venture
TikTok Has 1st Viral Bitcoin Video as Owner Launches DLT Venture
Brusque-video sharing app TikTok recorded the get-go viral Bitcoin video after the firm's owner reportedly launched a blockchain venture.
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Short-video sharing app TikTok has recorded its offset viral Bitcoin (BTC)-related video every bit the firm'due south owner reportedly launched a blockchain venture.
Posted past TikTok personality The Wolf of Bitcoins, the video depicts a room in a business firm apparently equipped with dozens of cryptocurrency mining hardware units. The video displays a short explanation, "this is why GPU prices went up," and has a number of Bitcoin-related tags like "Bitcoin," "explain Bitcoin" and "Bitcoin mining."
Allegedly first appearance of Bitcoin on TikTok feed
At the time of this writing, the TikTok has amassed 1.2 million views and over 109,000 likes on the platform.
Crypto entrepreneur Thomas Schulz brought up the TikTok video in a tweet on December. 14, describing the video every bit the "beginning viral Bitcoin TikTok." Schulz clarified that he wasn't the one who made that video, noting that information technology was the first fourth dimension when Bitcoin appeared on his TikTok feed.
TikTok's owner reportedly launches a blockchain-related venture in Prc
TikTok'due south Bitcoin milestone comes on the heels of the company's owner reportedly launching a joint blockchain venture with state-run Chinese media group and ThePaper.cn operator Shanghai Dongfang Paper. As reported past Cointelegraph on Dec. xiv, TikTok's Beijing-based owner ByteDance launched the venture with the Chinese partner in China'southward Shandong province on Dec. ten, and reportedly owns a 49% stake in the projection.
As reported, TikTok has 500 million monthly active users and is the 3rd most-downloaded app in the Apple App Store in the U.s.a. at the time of this writing. The app's short video feed is managed by a purpose-built AI to predict and deliver content that the user will likely prefer.
Criticism of TikTok's approach to make up one's mind what content to show users
Some commentators have criticized TikTok'due south approach to decide which videos to prove users so far. In a blog mail service in 2022, Connie Chan, a venture partner at venture capital business firm Andreessen Horowitz, argued that TikTok "completely controls what users see" by using AI. She wrote:
"The platform can decide to show videos that are upbeat, funny, and/or wholesome — in fact, the entire vibe of the platform is largely under TikTok's control considering they, not users, decide which videos to display. Even if a user subscribes to a creator, there is no guarantee that he/she will see all of the creator's videos."
Source: https://cointelegraph.com/news/tiktok-has-1st-viral-bitcoin-video-as-owner-launches-dlt-venture
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