An In-depth Look at the Platform Integrating Non-fungible Tokens (NFTs) on Twitter
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Twitter is finally getting on the non-fungible token (NFT) hype, introducing the NFT profile pictures to its premium Twitter Blue service users. The integration of NFTs is supported by Quicknode, a Miami-based blockchain infrastructure, which recently completed a $35 million Series A funding round supported by top crypto VCs and angel investors.
In 2021, the NFT market soared over 10,000% as the industry became a fantasy for mainstream investors. The industry gained appreciation from artists, celebrities, athletes, movie stars, and big media across the year, with personalities such as Snoop Dogg, Neymar, Mark Cuban, Megan Thee Stallion, Messi, and others purchasing their first pieces. Unsurprisingly, “NFT” was selected as the word of the year, last year, by Time.
Kicking off the year, NFTs still remain hot despite the massive dip in the cryptocurrency market in January 2022. In light of the growing market, social media giant, Twitter Inc. rolled out a new feature for its Twitter Blue users on iOS allowing NFT owners to parade their artwork as their profile pictures in form of a “soft hexagon”, a statement from the team reads. The feature will only be available for Ethereum-based NFTs, with additional blockchains set to be added in the future, the statement adds.
Simply put, NFTs are unique pieces of art, music, photos, digital trading cards, video clips, and any other form of digital media stored on an immutable blockchain. The NFTs provide verification representing ownership of the particular virtual asset. The most popular NFT projects include Bored Ape Yacht Club (BAYC),
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