Triller is an entertainment app that lets users share short videos for 30 seconds or less. It was created by the co-founder of Vine, Rus Yusupov. Ryan Kavanaugh, who has investments in over 100 companies, recently invested in Triller and joined their advisory board.
What’s interesting about this partnership is that both are innovators in different industries with experience creating new markets from scratch – which could bode well for NFTs (Non-Fungible Tokens).
Triller and Ryan Kavanaugh hope to join forces and create a platform that first uses NFTs for video. They plan to partner with Tron (TRX) to utilize their network and blockchain technology, making it “one of the world’s largest decentralized apps.”
It is also reported that they plan on utilizing IPFS (Interplanetary File System) and EOSIO (EOS).
The NFT marketplace is gaining more and more momentum with each day. As it’s becoming evident that the future of gaming lies in this specific space, innovators such as Triller and Kavanaugh could push this industry forward even quicker than we’d expect.
Ryan Kavanaugh is a well-known movie mogul, who is known for his early investments into companies such as Facebook and Netflix. He also runs Relativity Media and has been cited as one of the most influential people in Hollywood.
This news comes as NFT’s are beginning to expand into various different fields such as gaming and digital collectibles, becoming a hot commodity across all industries. This is great news for NFT’s since many predict that the future of investing will be much more focused on cryptocurrencies and blockchain technology.
He recently spoke at an event hosted by CoinAgenda Global in Las Vegas, where he said:
“Blockchain and cryptocurrencies will be mainstream and Tron is at the forefront of that movement.”
While it’s still unknown exactly what Triller and Kavanaugh plan to do with their new partnership, we’re sure we’ll start hearing more about it as their new company expands.