Twitter’s new CEO, Elon Musk, has substantial plans for the platform going forward, with his first big move involving the trade and display of NFTs on the site.
After successfully acquiring Twitter in a deal worth $44 billion dollars early last week, Elon Musk hasn’t wasted any time in implementing his new direction for the company.
His first big project, dubbed “NFT Tweet Tiles,” will allow users to buy, sell, and display NFTs via tweets, marking a huge step forward for both the platform and the mainstream popularity of NFTs.
These NFT Tweet Tiles display the artwork of an NFT inside a panel within a tweet that includes information like the title and creator of the NFT. It also includes a link that allows users to go directly through to the listings on a marketplace.
This comes after Meta launched a similar function in August that allows users to share their NFTs across digital wallets associated with their social media accounts.
Currently, the list of digital marketplaces that function with the new integration is limited to Magic Eden, Rarible, Dapper Labs, and Jump.trade, however, that list may grow in the future.
These marketplaces cover a wide spread of blockchain networks including Ethereum, Solana, Flow, Polygon, and Tezos.
In a brief interview with Decrypt, a crypto news site, a representative from Twitter stated that the new integration is “blockchain-agnostic” meaning that as long as the links are from a collaborating marketplace, all networks are supported.
The Twitter representative continued stating that the “feature is currently being tested with select Twitter users across iOS and web and that those users will see the NFT Tweet Tile integration if they’re in the test group. A Twitter Blue premium subscription is not required to use the feature.”
This is not the first time the platform has experimented with the implementation of NFTs on the site. Back in January, Twitter began allowing the use of NFTs as verified profile pictures but the scope of this function was limited.
The NFT profile pictures are only available with a subscription to Twitter Blue, a monthly subscription service that the company started offering in June 2021, and supports NFTs from the Ethereum blockchain at the moment.
Still, the integration of NFTs by Twitter shows that the platform is committed to the technology and wants to continue making it a bigger part of the platform. Though Elon Musk’s ownership of the company is still in its infancy, this development shows that he will continue to bring exciting changes to the platform with NFTs seemingly at the forefront of this new direction.
