- Elon Musk’s takeover of Twitter has ushered in a new era of crypto and NFT integration on the social media platform.
- Twitter announced the beta test of NFT tweet tiles alongside Musk’s $41.39 billion takeover.
- Select users are testing the feature in tandem with Magic Eden, Rarible, Dapper Labs and Jump.trade marketplaces on different blockchain protocols.
Elon Musk, the billionaire CEO of Tesla began his takeover of the social media giant and the platform started testing exciting new NFT features. Twitter rolled out NFT trading integration as a beta test for a select group of users.
Also read: Cardano price: Key ADA dynamics to watch out as Ethereum-killer climbs higher
Elon Musk’s Twitter now powers NFT trade through new rollout
Elon Musk completed his $41.39 billion acquisition of Twitter and the social media platform rolled out an NFT-trading feature. Twitter announced that it will let users buy, sell and display NFTs directly through tweets in partnership with four key marketplaces: Magic Eden, Rarible, Dapper Labs and Jump.trade.
The integration is called NFT Tweet Tiles and it displays the artwork of an NFT in a panel within a tweet. A button is included, through which users click through to the marketplace listing. Four specific marketplaces are integrated as partners for the beta test. Creator of the Flow blockchain, Sports-focused Jump.trade and top NFT marketplace platforms Rarible and Magic Eden are actively involved in testing the integration.
The marketplaces involved in Elon Musk’s Twitter rollout are hosted on several different blockchains like Ethereum, Solana, Flow, Polygon, Tezos and Immutable X. A Twitter representative told Decrypt that the “feature is currently being tested with select Twitter users across iOS and web.”
Users who are included in the test will see the NFT Tweet Tile integration and unlike popular belief, a premium subscription is not required to use the feature.
Twitter has supported crypto and NFTs since 2021, through the integration of Bitcoin and Ethereum for tipping content creators on the platform and support for verified NFT profile pictures. It is important to note that only Ethereum NFTs are supported as of now by the social media platform.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Ripple on-chain metrics show bullish signs amidst legal struggle with SEC, XRP eyes recovery
Ripple made a comeback above $0.48 on Tuesday and hovers above that level in Wednesday’s European session. Ripple on-chain metrics such as transaction volume and Network Realized Profit/Loss have turned bullish, supporting a recovery in the altcoin.
Bitcoin price falls amidst German government transfers, miners activity
Bitcoin (BTC) extends correction on Wednesday and hovers around $61,000 after finding resistance near the $64,000 level on Monday. Recent on-chain data indicates heightened selling activity from Bitcoin miners early in the week.
Crypto Today: Bitcoin erases gains from end of June, Ethereum declines while Ripple holds
Bitcoin wipes out gains from the last week of June and falls below $60,000 on Wednesday. Ethereum and top altcoins ranked by market capitalization erased gains as the inflation outlook worsened. Ripple holds on to recent gains and hovers above $0.48 on Wednesday.
Three reasons why altcoins could shake off losses this week
On-chain data from Santiment shows that altcoins are currently in the opportunity zone, or generating buy signals. The top three altcoins in the buy zone are Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH), per Santiment.
Bitcoin: BTC price correction could end in July, according to seasonal data
Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.