Elon Musk has described Twitter NFT as annoying. The social media platform has made a major move to integrate Non-fungible tokens with the NFT profile picture. This feature allows users to use their NFTs as profile pictures by connecting their wallets.
However, this move does not appear to move the richest man in the world.
Musk not happy with Twitter
The Tesla CEO described it as annoying in a tweet that also included the picture of the announcement. He further added that “Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread!?”
Musk’s mention of crypto scammers refers to the thousands of tweets designed to swindle crypto funds from people. Unfortunately, Twitter has been one of the most used platforms by scammers who impersonate famous people.
In May 2021, the Federal Trade Commission reported that impersonators of Elon Musk had stolen more than $2 million worth of crypto assets from consumers using deceptive tactics on platforms such as Twitter. Thus, it’s not surprising that Elon Musk sees tackling this menace as a more serious issue than NFT.
It’s only clear that the billionaire who’s a big crypto advocate isn’t a fan of NFT. In his tweet, he referred to it as BS. Several people agreed that there’s a need for Twitter to tackle the spambots’ and scammers’ issues.
CEO of Microstrategy Michael Saylor offered a solution to this problem saying only real humans should be allowed to post and get verified on the platform.
However, some people welcome the NFT integration by Twitter. The new feature is only available to paid subscribers of Twitter’s Blue service. The verified NFT on the profile picture has a hexagonal border instead of the regular circular one.
NFT sales volume continues to soar
While the richest man in the world might have expressed his dissatisfaction with Twitter’s latest pivot into the NFT space, available data from the space shows that interest is currently at an all-time high.
According to a previous report from us, OpenSea, the largest NFT marketplace has seen its monthly transaction volume reach a new ATH above $3.5 billion. Apart from that, a new NFT marketplace, LooksRare, alongside its native token, LOOKS, has enjoyed massive patronage in recent weeks.
What do you think about this subject? Write to us and tell us!
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Ecosystem
Research
News Network
About