X boss Elon Musk shared the company’s plans for 2024. This includes removing NFT profile pictures. In January 2022, the company’s previous management allowed Twitter Blue customers to set NFTs as profile pictures.Thank you for reading this post, don't forget to subscribe!
Users can set hexagonal avatar. They can click on profile pictures and get more information about the repository, token ID, and the app on which the non-fungible token was created.
All details regarding NFT profile pictures have now been removed from X’s support page. Those who have NFT profile pictures still have hexagonal avatars. It is not clear whether these will be removed or not.
Currently, X (Twitter) is not favoring non-fungible tokens. Previously, this social media was considered a way to show your support for a particular NFT. However, the use of NFTs as profile pictures is now restricted.
What was X’s (Twitter’s) earlier stance on the use of NFTs as profile pictures?
In March last year, Instagram’s parent company Meta stopped support for NFTs. However, the NFT market is in recovery mode. The market has improved over the past few months with a trading volume of over $1.6 billion. Highly priced tokens like Bored Ape Yacht Club (BAYC) have declined sharply since their peak.
In 2022, the company allowed Twitter Blue customers to set NFTs created on Ethereum as profile pictures and it eventually appeared as hexagons. All descriptions attached to NFT profile pictures have now been removed by X (Twitter)
The hexagon shape shows that the person owns that NFT. The hexagonal avatars have still not been removed; Only descriptions associated with NFT profile pictures are removed. It is unclear whether X will eventually remove this hexagonal avatar as well.
Many influencers and artists promote their work on Twitter. Now, they have the implication of highlighting supported NFTs as profile pictures. This will affect the sales of NFTs and certainly the market trends.
Previously, the social media platform X (Twitter) allowed users to buy, sell, and display NFTs directly through tweets. Now no facility will be given to use it as a profile picture. The platform has already removed information related to NFTs that was previously available. It previously showed information about a specific non-fungible token that “users used as their profile picture”, such as when it was created, its address and other important details.
The most used social media platform for sharing information, X (Twitter), has withdrawn its support for NFTs. It has restricted the use of NFTs as profile pictures. This was mostly done by supporters and users to favor an NFT. Now, they cannot highlight their support by using NFTs as profiles.
However, the details associated with the NFT profile have been removed and it is not yet clear whether the Hexagonal NFT profile will be removed or not.
Nancy J. Alan is a crypto enthusiast with a major in Macroeconomics and minor in Business Statistics. He believes that cryptocurrencies will inspire people to become their own banks and move away from traditional monetary exchange systems. She is also interested in blockchain technology and its functioning. She frequently researches and posts content on top altcoins, their theoretical working principles, and technical price predictions.