Twitter is testing its new NFT profile picture option, which
is visible to some users now. NFT trading is a process of transaction of
digital goods. On Twitter, NFT profile images are displayed in a hexagonal
format and include the link to NFTs listing on a blockchain, which gives
evidence for ownership.
With the growing popularity of NFT profile pictures, Twitter
has been becoming an NFT discussion hub and has decided to play its part by
building an official integration process that lets users display their NFT ownership.
The linkage to each NFT’s official information will let
users see more information about each NFT by tapping on it. It will open a listing
of both the owner and creator, as listed on the chain. Moreover, only owners of
the NFT profile pictures will have access to the original hexagonal format of
the images, hence reducing unapproved use of the images.
Recent reports suggest that NFT sales in 2021 reached $25
billion, while 10% of traders accounted for 85% of all NFT transactions. Twitter’s
NFT profile picture update, therefore, could be a meaningful tool for boosting engagement
among users who can showcase their latest buys to other NFT collectors. Despite
the hype regarding NFT however, there are also some limitations associated with
it, such as copyright and ownership issues.
While twitter has not provided any details about the complete
launch of the update, it is expected to roll out soon.
