Twitter Removes Support for NFT Profile Pictures
Twitter has discontinued the option for premium users to use a verifiable NFT image as their profile picture, two years after introducing the feature. The feature was initially launched as an exclusive benefit for paying users and was seen as a forward-thinking move that validated NFTs. However, the ability to activate this feature is no longer available on the iPhone version of the app. It is unclear whether users who already had an NFT equipped will still be able to use it or if their profile pictures will still appear as hexagons on the platform. Twitter has not commented on this decision yet.
Crypto Twitter Reacts with Memes
Crypto Twitter users have responded to this news by memeing it, with many posting variations of a tweet emphasizing digital property rights and threatening legal action against anyone who takes screenshots of their NFTs and pretends they own them.
Meta’s Faster Move Away from NFTs
While Twitter was the first social media platform to embrace NFTs, Meta (formerly Facebook) moved away from them much faster. In March 2023, Meta announced that it was winding down support for NFTs on Instagram to focus on other priorities and its vision of the metaverse.
SEC’s Compromised Twitter Account
This news follows a major crypto-related incident on Twitter involving the official account of the United States Securities and Exchange Commission (SEC). The account tweeted that it had approved trading of spot Bitcoin ETFs but later clarified that it had been compromised. The SEC confirmed that unauthorized access was gained through an insecure phone number tied to the account and has asked the FBI to investigate. Despite this incident, the official approval of spot Bitcoin ETFs in the US is still expected.
Hot Take: Twitter’s Removal of NFT Profile Pictures Raises Questions About the Future of NFTs on Social Media
The removal of the option to use NFT profile pictures on Twitter raises questions about the future of NFTs on social media platforms. While Twitter was initially seen as a pioneer in embracing NFTs, Meta’s decision to wind down support for NFTs on Instagram indicates a shift in priorities. This move by Twitter may indicate a changing perspective on the value and relevance of NFTs in the social media landscape. It remains to be seen whether other platforms will follow suit or continue to integrate and support NFTs.
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