Home » Twitter Will Allow Users to Buy and Sell NFTs
Twitter Will Allow Users to Buy and Sell NFTs
Along with the news of Elon Musk successfully taking over the Twitter platform, the news of allowing its users to buy and sell NFT through tweets was announced by the company.
This feature will be available through the integration, known as NFT Tweet Tiles, which will place an NFT's artwork in its own panel within a tweet and adds a button that directs readers to a listing on a marketplace.
Along with information like the title and inventor, the panel will also display a larger image of the NFT to viewers. The purpose of this is to provide developers with more control and improve their tweeting experience.
The integration is still in testing, and is currently working with markets from four distinct partners which are Magic Eden, a platform-agnostic NFT marketplace protocol, Rarible, Dapper Labs, developer of the Flow blockchain, and Jump.trade, a sports-focused marketplace.
Jump.trade acknowledged the collaboration by tweeting, "this is a lovely and welcome boost for NFTs" This "will be a major milestone for web3," the tweet continued. These marketplaces collectively span numerous blockchain networks, including Tezos, Immutable X, Solana, Flow, Polygon, and Ethereum.
According to a company official, the "feature is presently being tested with selected users across iOS and the web," and if those users are included in the test group, they will see the NFT Tweet Tile integration. It is not necessary to have a Twitter Blue premium subscription to use the function.
Twitter at the moment only accepts Ethereum NFTs, but it previously supported NFTs as verified profile images through its Blue membership service in January.
Elon’s control over Twitter
This decision is quite favored by the audience, and the users are excited for the feature to be live for everyone. The earlier discussion of Elon taking over Twitter was a hope for the crypto users especially the Dogecoin investors as everyone knows Elon as Dogefather. With the news of the Tesla owner buying the company, an instant hike of 40% was seen in the dogecoin prices and people are expecting more.
Earlier Elon’s Twitter bio was about the perfume “burnt hair” he launched as the bio was “Perfume Salesman” but after the acquisition of Twitter Elon changed its bio to “Chief Twit”.
In the last few months, a legal battle has been going on between Elon musk and Twitter executives as they accused Elon of breaking the deal of buying Twitter. Initially, Elon offered to buy Twitter but he demanded to see proof of the number of bot accounts present on Twitter which led to a pause in the deal and the company sued Elon. After the whole legal situation, the court ordered Elon to buy the company before 28 October and that happened today.
With the buying of the platform, Elon Musk fired the CEO Parag Agrawal which seems like the result of a heated discussion between the new company owner Elon and Ex-CEO of the company, Parag on 7 April. The screenshots of this conversation are being shared by the public on Twitter now.
Why Elon chose to buy Twitter
Elon shared the reason behind buying Twitter through a tweet post, he said that many people are curious about the reason for his buying the platform. He said the real reason is that “it is important to the future of civilization to have a common digital square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right-wing echo chambers that generate more hate and divide our society”
He further added that “I didn’t buy it to make it easy, I didn’t do it to make money, I did it to try to help the humanity whom I love”.
Twitter will try to become the most respected advertising platform and help you strengthen your brand and grow your enterprise, said the New Twitter owner.