X (Twitter) Removes Support for NFTs

10 months ago 6

ARTICLE AD BOX

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

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.

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.