The TikTok parent company, Bytedance, is planning to join the NFT marketplace. In a WeChat NFT group, Bytedance founder Zhang Yiming announced the company’s upcoming plans. Reportedly, Bytedance will acquire the Virtual Reality (VR) firm, Pico, as a confirmation of entering the Non-Fungible Token (NFT) sphere. This acquisition is expected to change the weather of the Crypto crackdown in China.