An NFT titled “Cryptopunk 7523” from Larva Labs appears during an upcoming press preview … [+]
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Is it real crypto punk — or someone, well, punk guy?
Twitter is expected to respond as it continues to enjoy a source of interest on its platform around NFTs such as crypto punks and other digital collectibles and cryptocurrencies. The social media company today unveiled a feature that will verify the ownership of a Twitter user of a particular NFT. The function allows someone to link their ether wallet to their Twitter account. Once done, the person can display their NFT shots as their Twitter profile picture in a hexagonal frame, which acts as an authentication signpost like the blue check marks on Twitter. (Without any sort of verification tool, a dozen people can use the same NFT in their profile picture. No one knows who owns it – it’s a digital industry flaw.) For now, these verified NFTs are only available to iPhone users who use Twitter’s premium subscription service. , Pay for Twitter Blue
This is a small but significant step for Twitter, which capitalizes on Jack Dorsey’s interest in cryptocurrency and seeks to make his site the center of discussion about crypto, one of the increasingly popular topics on the Internet. These NFT profile pictures are the first publicly unveiled project when Twitter formed a specific unit within the company: Twitter Crypto— designed to think about incorporating blockchain technology into the business. A few months ago, Twitter announced that it would allow Bitcoin in its tips function, where users can send money to a manufacturer on the site.
The launch by Twitter comes at an obvious moment: The Financial times Report today Meter’s own plans for NFT, ambitions that clearly look like Twitter. In addition to allowing users to display NFT, Meta, a company formerly known as Facebook, also seeks to establish its own marketplace and mechanism for creating NFT, which will make it competitive with many existing NFT startups, most notably OpenSea. .
With that, Meta wants you to think that its perfect size – about 3 billion users on Facebook and Instagram – will put it ahead of this competition. If you bought this idea unquestionably, there are some virtual wetlands that I would like to sell to you too: Facebook has a long track record of trying to innovate through direct copycating, a strategy that has almost always failed.
