Metaverse meets the dating world as dating app uses NFTs

Members of Katch will receive money from sale of their NFTs

Woman looking at a dating app on cell phone                                 
Woman uses dating app on mobile phone - Photo: Alamy
                                

Events-based video dating app Katch has become the first in the world to integrate and promote non-fungible tokens (NFTs) on its platform.

The NFTs will be used in a social way to “interact with people on Katch and navigate towards creating the dating experience into the metaverse.”

Katch dating network members will have their pictures and videos converted into animated NFTs on the OpenSea platform. OpenSea is the world’s largest marketplace for NFTs.

These NFTs can then be bought and swapped within the Katch dating app, in a similar way to liking someone on other dating apps.

Members of Katch will receive the money from the sale of the NFT as well as 10% on all resales of the NFT following the original purchase.

The Dublin, Ireland-based dating app will also allow users to link their cryptocurrency wallets to their dating profile.

Katch sees NFTs as 'entertainment and financial value'

Paul Numan, CEO of Katch said: “NFTs are the future for digital assets and Katch aims to become the first dating app to integrate NFTs into our service offering. Our members always want to engage with other members in a socialising way and we see NFTs as the perfect mix of entertainment and financial value.”

"We have always tried to simulate the bar and nightclub feeling in Katch, and now we have the possibility for members to financially engage with other members by purchasing their NFTs. We envision that many from the crypto currency community will jump onto this trend as Katch is the first dating service in the world to offer a real offering in this space.”

Katch aims to launch NFTs in its platform in the middle of December 2021.

Katch also launched virtual nightclub

Earlier in November, Katch launched another first, a virtual nightclub for the unvaccinated. Regarding the nightclub, the dating app said: “While countries are limiting the movement of the unvaccinated, Katch will always be open minded to all views as we embrace the basic fundamentals of freedom, yet also understanding the need for vaccinations.”

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