Friday, February 3

Twitter rolls out new NFT feature for paid subscribers and Elon Musk is not a fan


For Hannah Perez

Twitter Blue users can now verify their NFTs as profile pictures. The feature, available for iOS, connects with crypto wallets and supports NFTs minted on Ethereum.

***

The popular microblogging social platform, Twitter, finally launched its long-awaited feature of tokens no fungibles (NFT).

Twitter announced Thursday afternoon that it is rolling out the new NFT capability with support for iOS devices. The new feature is initially available to paid subscription users of Twitter Blue, whose premium membership costs USD $2.99 ​​per month.

As such, the new feature allows users to verify NFT to place them as profile picture on the platform. Users can connect their cryptocurrency wallets to Twitter to check their collectibles. Once verified, they will get a hexagonal shaped NFT profile image (as opposed to circles for standard images) as proof of authenticity.

The new capability also allows users to learn more about each other’s NFT avatars, such as information about the owners, creators, series description, and more.

Once authenticated, the NFT will display as a smooth hexagon on all surfaces where your avatar is viewed. When people touch it, they can learn more about the art, its collection, provenance, and more.

According to a video tutorial, users can connect a wide range of wallets, including Coinbase Wallet, Rainbow, MetaMask, Trust Wallet, Silver The Ledger Live. The company indicated that the new function is powered by API (Application Programming Interface) OpenSea, one of the leading online marketplaces for NFTs.

New Twitter feature supports NFT’s Ethereum

Twitter he stressed that his new service is still in the early stages. At the moment, the platform only supports static images such as JPG, JEPG, and PNG files of NFTs minted on the blockchain. Ethereum, (standards of tokens ERC-721 and ERC-1155).

A spokesman for Twitter, quoted by Decrypt, added that the company is limiting the release to subscribers of Twitter Blue for now, in part to get feedback on the NFT feature and add updates as needed.

It should be noted that while the feature is only available for iOS, the Hexagon-shaped NFT profile images will display as such on all platforms. That is to say that the Android and web users will also be able to see when a user changes their profile picture for a digital collectible.

The well-known social network had already announced in September that it was working to incorporate an NFT function. Twitter made the announcement at the same time it rolled out a service that allows users to send and receive tips with Bitcoin through Lightning Network.

In general, these advances are part of a larger company strategy to incorporate technology Blockchain to your business model. The company in November formed a crypto team focused on integrating decentralized functions into the platform. Even if Twitter is not the only one, since, according to reports, the social media giant Meta (before Facebook) is also leading efforts to integrate NFT features into its platforms Instagram Y Facebook.

Elon Musk is not happy with the news

As is often the case with new inventions, not everyone was enthusiastic about Twitter’s latest capability.

Among them, the billionaire CEO of Tesla Y SpaceXElon Musk was not a huge fan of the service. In a tweet posted on Friday, Musk criticized Twitter for spending engineering resources for NFT integration without doing more to curb spam activity on the platform. this is annoying“He wrote next to a screenshot of the new feature of the social network.

Is Twitter spending engineering resources on this? [basura] while cryptocurrency scammers are throwing a spambot blocking party in every thread!?

Musk’s criticism of the company may be due to his discontent with the proliferation of fake Twitter accounts that take advantage of the image of the millionaire, as well as other prominent figures, to promote sweepstakes and other cryptocurrency scams. In previous years, some Musk impersonators have made off with several million dollars from unsuspecting victims.

In fact, cryptocurrency scammers are quite a common phenomenon on Twitter. Very opportunely, the tweet of the employer complaining about spam has some replies from accounts promoting fraudulent giveaways or promotions.

Musk has also not been particularly enthusiastic about NFTs in the past. The entrepreneur experimented with collectibles in March, when he put his first NFT up for sale via Twitter. The digital piece was a short video with music parodying the NFT trend. But Musk backed down after bids to buy his digital art exceeded $1 million.


Recommended reading


Sources: Cointelegraph, Decrypt, The Block, Twitter, archivo

Article by Hannah Estefanía Pérez / DailyBitcoin

Unsplash Image

WARNING: This is an informative article. DiarioBitcoin is a means of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investments in crypto assets are not regulated in some countries. May not be suitable for retail investors as the full amount invested could be lost. Check the laws of your country before investing.





www.diariobitcoin.com