Twitter Debuts NFT Tweet Tiles: Will Allow Users To Buy And Sell Digital Tokens
- Twitter has debuted a new service called NFT Tweet Tiles which will allow the users of the social media platform to buy and sell non-fungible tokens via posts.
- The social media giant is also working on a crypto wallet with the capabilities of deposit and withdrawal as per a statement from blogger Jane Manchun Wong who claims to have reviewed public code.
- Twitter has also partnered with four NFT marketplaces that include Magic Eden, the largest NFT marketplace on Solana blockchain; Rarible; Dapper Labs, and Jump.trade, a sports-centric platform.
Social media messaging company Twitter has debuted a new service called NFT Tweet Tiles, which is currently being tested on a few accounts and will soon be rolled out for all users as well. With the help of this new feature, people with accounts on the popular social media platform will be able to buy and sell blockchain-based non-fungible tokens directly on the posts they put out on the platform.
Additionally, according to the announcement via Twitter, the social media company that is now going private, has participated with over four NFT marketplaces that include Magic Eden, the largest NFT marketplace on Solana blockchain; Rarible, a multi-platform NFT marketplace protocol; Dapper Labs, a Flow blockchain creator and Jump.trade, a sports-centric platform.
Twitter has tapped into the services provided by these platforms becauses they have expanded across all the major blockchains including Ethereum, Solana, Flow, Polygon, Tezos and Immutable X. These are the chains with the most NFT-related activity. Furthermore, in a statement sent to Decrypt, a Twitter representative said that “all networks are supported so long as the links are from a partnered marketplace.”
It was this representative that confided with Decrypt that the “feature is currently being tested with select Twitter users across iOS and web” and added that selected users would see the option to test the NFT Tweet Tiles on their accounts.
It is also crucial to note that this new feature is being rolled out with a wallet as well. Recently, blogger Jane Manchun Wong revealed that revealed that she has seen code that reveals that Twitter is also working on a crypto wallet that is capable of making deposits, as well as withdrawals.
This announcement came on the day that the world’s richest man Elon Musk, who is also the CEO and founder of Tesla and SpaceX, has announced that he is the new boss of Twitter and described his motive behind the acquisition of the platform. The billionaire and support of the world’s largest meme cryptocurrency Dogecoin (DOGE) stated that he acquired the social media platform because “it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.”
Notably, following his acquisition of Twitter, Elon Musk has also fired the CEO and CFO of the social meda giant, as per a report from Bloomberg. Chief Executive Officer Parag Agrawal; Vijaya Gadde, the head of legal, policy and trust; Chief Financial Officer Ned Segal; Sean Edgett, who has been general counsel at Twitter since 2012, are all leaving the company. However these executives are not leaving empty handed as Agrawal is expected to have $42 million via unvested equities.