X (Twitter) Discontinues Support for NFTs
Twitter has made the decision to no longer support non-fungible tokens (NFTs) as profile pictures for its paid subscribers. This marks a significant change in the platform’s direction. Twitter has ambitious plans for 2024, including peer-to-peer payments and enhanced AI-powered tools.
The Removal of NFT Support
Previously, Twitter Blue subscribers could display their NFTs minted on Ethereum as hexagonal profile pictures. These unique avatars allowed users to access details such as the NFT collection, contract address, token ID, and minting app.
However, recent updates have removed any mention of this feature from Twitter’s premium support page. This has sparked speculation among the crypto community about the future of NFTs on Twitter.
A Shift in Trend
This move aligns with a broader trend seen across social networks, where enthusiasm for NFT integrations appears to be fading. Meta, the parent company of Instagram and Facebook, also discontinued NFT support in early 2023 after exploring the digital assets.
Resilience of the NFT Market
Despite the devaluation of popular tokens like the Bored Ape Yacht Club (BAYC), the NFT market has shown resilience. Daily trading volumes continue to exceed $25 million.
Hot Take: The Future of NFTs on Twitter
Twitter’s decision to discontinue support for NFTs as profile pictures raises questions about the platform’s stance on digital assets. As social networks like Twitter and Meta move away from NFT integrations, it remains to be seen how this will impact the overall adoption and growth of NFTs in the future.
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