Thursday, February 2

Elon Musk criticizes Twitter’s NFT project, says network should focus on cleaning up spambots | Bitcoin Portal

Elon Musk, CEO of Tesla and SpaceX, criticized Twitter for releasing a new feature that allows users to use non-fungible tokens (or NFTs) as profile pictures.

On Friday, the billionaire entrepreneur tweeted that the latest initiative was “annoying” and criticized the social media giant for failing to clean up “spambots” from the platform, which post links to fraudulent crypto promotions and sweepstakes.

“Twitter is spending engineering resources on this shit while crypto scammers are partying with spambots in every tweet!?” he tweeted.

On Thursday, the San Francisco-based company announced that it was introducing a new feature that allows users to verify ownership of NFTs used as profile pictures.

Users need to connect their NFTs through various wallets, including MetaMask, Rainbow and Coinbase.

For now, the new option is only available to users of Twitter Blue, a subscription service with exclusive access to premium features and application customizations. It is also limited to those who use the platform on the iOS system.

Musk complains about blows not Twitter

However, some Musk followers criticized him back, stating that the Tesla leader “literally hired teams of engineers” to make it possible for the electric car maker to start accepting dogecoin (DOGE) on Tesla’s online store.

Throughout 2021, Musk tweeted and encouraged posts about dogecoin, so the price of DOGE skyrocketed. Last week was no different. Following its announcement that users can now spend the popular meme cryptocurrency on Tesla products, dogecoin is up 16%.

Still, Musk’s concerns about Twitter sweepstakes and crypto schemes are valid.

For years, fake accounts copying Musk’s profile have been created to replicate his tweets, promising to double the amount in bitcoin (BTC), ether (ETH) or other cryptocurrencies sent to their wallets.

Furthermore, Twitter accounts of many celebrities and other important people have fallen victim to hacking in the past where criminals promoted fake cryptocurrency sweepstakes.

Despite Twitter taking action and removing fake accounts, the problem still persists as fake Elon Musk accounts are still around.

*Translated and edited by Daniela Pereira do Nascimento with permission from the Decrypt.co.





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