Lindsay Lohan Prepares for First NFT Auction on TRON Ecosystem
As larger blockchain platforms begin to buckle under the strain, TRON has stepped up as an alternative that lets users execute the same type of transactions at a lower cost.
By Julia SakovichUpdated
2 mins readPhoto: Depositphotos
Lindsay Lohan is known for many things, her acting, singing, modeling, and her stints as a TV personality and influencer, but now, with the help of TRON, she will expand on her entrepreneurial streak with the release of her own collection of NFTs. Through the utilization of the TRON network, Lohan will be launching her first verifiably scarce digital collectible in the form of a non-fungible token. This follows the trend of other celebrities and artists getting involved in the blockchain space through NFTs as they begin to understand the value and abilities they present.
TRON Is the Perfect Launch Point
Although most NFTs are deployed on Ethereum as ERC721 tokens, TRON provides an alternative with TRC721 as its NFT token standard, aided by the network’s low fee environment and higher throughput. Ethereum has become a victim of its own success, and is unable to maintain cost-effective transaction fees as blocks have filled.
As a vocal advocate of NFTs and cryptocurrency in general, Lohan embodies what the NFT space is shaping up to be. Lohan’s first foray into NFTs will begin on March 20, 2021, when her highly anticipated NFT auction commences on the platform.
If you’re looking for more information and insight directly from the source, Lohan and Justin Sun, the founder of TRON, will be discussing this upcoming NFT drop on Clubhouse on March 18 at 22:30 PST.
Lohan has been very vocal about her excitement for her first NFT drop, recently stating, “Hollywood and the music industry are finally waking up to crypto, and it is in large part thanks to NFTs. The whole world has been keen to learn more about the NFT space. I couldn’t be happier to be a part of this revolution, helping to bridge the gap between creators and content admirers.”
TRON Continues to Add Value
TRON is a decentralized smart contract platform looking to offer its users fast and inexpensive transactional capabilities across a distributed network. As an open-source technology, TRON has been steadily developed over the years, with a recent focus on expanding its defi capabilities. As larger blockchain platforms begin to buckle under the strain, TRON has stepped up as an alternative that lets users execute the same type of transactions at a lower cost.
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