Twitter Plans to Permit NFTs Trading Via Tweets
It has been recently declared on the Twitter Dev account that an exclusive feature dealing with NFTs was being tested on the social media venue. With this move, an improvement will take place in the user experience of purchasing NFT on particular marketplaces through just Twitter posts.
Twitter to Enable Trading NFTs through Tweets
On Thursday, the account of the development group under Twitter declared incorporating additional functionality in the case of non-fungible tokens. Links to specific marketplaces of non-fungible tokens will now present the token’s bigger picture in addition to mentioning its title as well as the name of the creator.
The compatible marketplaces have diverse blockchain networks as their basis, taking into account Immutable, Tezos, Polygon, Flow, Solana, as well as Ethereum. As per the declaration, the latest features can directly be availed for the non-fungible tokens associated with the platforms such as Magic Eden, Rarible, Dapper, and Jump.trade. Rarible, in its tweet, offered an instance of the exclusive tile system.
Elon Musk was specifically thanked on the behalf of Magic Eden for taking this remarkable action. The tech billionaire conclusively accomplished his Twitter contract today, following the declaration to move ahead with the acquisition for up to $44B recently. During this year, the social media platform has carried out several endeavors to enable NFT operability on the venue. In January 2022, it introduced a unique feature specified for premium consumers.
The customers of Twitter Blue were permitted to showcase the non-fungible tokens thereof as their profile pictures. Third parties have also supported the platform for such NFT endeavors. While the majority of the NFT bots operating on Twitter are annoying, a firm named CoinShares created a bot that has a positive utility. The bot called NFTAI is responsible for the provision of estimations regarding the fair market value of the tokens posted to the OpenSea platform.
Meta and Twitter Compete in Offering More NFT Functionalities
Twitter does not count as the sole social media company that is actively operating to enhance NFT functionality. Meta has also gradually been incorporating diverse features on Facebook and Instagram in this respect. The latest development of the project was initiated in May 2022 and launched in September. This update enabled the clients to get their NFTs shared across the platforms between Instagram and Facebook.
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