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According to social media company Twitter, the firm plans to launch a new feature called “NFT Tweet Tiles”, a segregated panel within a tweet that showcases non-fungible tokens (NFTs) and the marketplaces that display the specific NFT being shared. The new NFT concept is expected to drop soon, to “impact the Tweet experience,” Twitter developers explained on October 27.
After Elon Musk officially took over Twitter, the social media development team tweeted that the firm aims to release a feature called NFT Tweet Tiles soon. “Now testing: NFT Tweet Tiles,” the account @twitterdev tweeted. “Some links to NFTs on [Rarible], [Magic Eden], [Dapper Labs]and [Jump.trade] will now show you a larger image of the NFT along with details such as the title and creator. Another step in our journey to allow developers to influence the Tweet experience.”
The NFT Tweet tiles share the title of the non-fungible token and its creator’s name along with an image of the digital collectible. From the marketplaces currently supported, Twitter’s new feature will support Ethereum, Immutable X, Flow, Polygon, Solana and Tezos. Twitter has been moving towards cryptocurrency and blockchain solutions since last year. On September 23, 2021, Twitter began rolling out the company’s “Tip” feature, which allows users to tip their favorite accounts with bitcoin or cash tips.
In January 2022, Twitter launched the social media platform’s NFT verification tool, which allows Twitter Blue paid subscribers to upload their NFTs as a profile picture. The NFT authentication and profiling tool works with Web3 wallets Metamask, Argent, Coinbase Wallet, Trust Wallet, Ledger Live and Rainbow. Twitter isn’t the only social media company working on blockchain media, as Meta has used cross-post NFTs on Instagram and Facebook.
Twitter’s new NFT Tweet Tiles appear to expand on the company’s hexagon logo and NFT verification system. Over the past 12 months, NFT sales have dropped significantly and 30-day statistics indicate that NFT sales volume is down 22.01% lower than the previous month. Over the past month, $423.91 million in NFT sales were settled and all-time sales passed $40 billion this month.
What do you think of Twitter’s new NFT Tweet Tiles? Let us know what you think about this topic in the comments section below.
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