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X (Twitter) Removes Support for NFTs

X (Twitter) Removes Support for NFTs

BeInCryptoBeInCrypto2024/01/10 19:32
By:By Harsh Notariya 10 January 2024, 18:47 GMT+0000Updated by Ali M. 10 January 2024, 18:47 GMT+0000

X (Twitter) has officially discontinued supporting non-fungible tokens (NFTs) as profile pictures for its paid subscribers. 

This decision signifies a notable shift in the platform’s direction. It also has ambitious plans for 2024 , including peer-to-peer payments and enhanced AI-powered tools .

X (Twitter) No Longer Supports NFTs

The feature allowed Twitter Blue subscribers to showcase their NFTs minted on Ethereum (ERC-721 or ERC-1155 tokens) as hexagonal profile pictures. Upon clicking or tapping them, these distinct avatars enabled users to delve into the following details:

  • NFT collection
  • Contract address
  • TokenID
  • Minting app

Read more: 6 Best NFT Marketplaces You Should Know in 2024

However, as per recent updates, X has expunged all mentions of this feature from its premium support page, sparking curiosity and speculation among the crypto community. The previous description, archived in Internet sources, detailed the process of connecting a crypto wallet to set up an NFT as a profile picture.

The previous Twitter management released the feature in January 2022 . At that time, Elon Musk said it was unnecessary.

“Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread!?,” Musk said .

Interestingly, users who had previously set a non-fungible token (NFT) as their profile picture still retain their hexagonal avatars. This left the community in limbo about the future of NFTs on X.

This move aligns with a broader trend observed across social networks, where enthusiasm for NFT integrations seems to wane. In a notable parallel, Meta, the parent company of Instagram and Facebook, ceased NFT support in early 2023, following its own exploratory phase with the digital assets.

Read more: What Impact Can AI Have on NFT and Crypto Marketing?

X (Twitter) Removes Support for NFTs image 0 NFT Daily Volume. Source: Dune

Despite the devaluation of prominent tokens like the Bored Ape Yacht Club ( BAYC ), the NFT market has shown resilience, with daily trading volumes surpassing $25 million.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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