According to the social media company Twitter, the firm plans to launch a new feature called “NFT Tweet Tiles,” a segregated panel within a tweet that showcases non-fungible tokens (NFTs) and the marketplaces that list the specific NFT shared. The new NFT concept is expected to drop soon, in order to “impact the Tweet experience,” Twitter developers explained on Oct. 27.
Twitter Developers Reveal ‘NFT Tweet Tiles’
After Elon Musk officially took over Twitter, the social media’s development team tweeted that the firm aims to drop a feature called NFT Tweet Tiles soon. “Now testing: NFT Tweet Tiles,” the account @twitterdev tweeted. “Some links to NFTs on [Rarible], [Magic Eden], [Dapper Labs], and [Jump.trade] will now show you a larger picture of the NFT alongside details like the title and creator. One more step in our journey to let developers impact the Tweet experience.”
The NFT Tweet Tiles share the title of the non-fungible token and its creator’s name alongside an image of the digital collectible. From the marketplaces currently supported, Twitter’s new feature will support Ethereum, Immutable X, Flow, Polygon, Solana, and Tezos. Twitter has been moving toward cryptocurrency and blockchain solutions since last year. On Sept. 23, 2021, Twitter started to roll out the company’s “Tips” feature, which allows users to tip their favorite accounts with bitcoin or cash tips.
In Jan. 2022, Twitter rolled out the social media platform’s NFT verification tool, which allows Twitter Blue paid subscribers to upload their NFTs as a profile picture. The NFT authentication and profile tool works with the Web3 wallets Metamask, Argent, Coinbase Wallet, Trust Wallet, Ledger Live, and Rainbow. Twitter is not the only social media firm working with blockchain mediums as Meta has applied cross-post NFTs on Instagram and Facebook.
Twitter’s new NFT Tweet Tiles seem to extend the company’s hexagon logo and NFT verification system. During the last 12 months NFT sales have slid significantly and 30-day statistics indicate NFT sales volume is down 22.01% lower than the month prior. During the last month, $423.91 million in NFT sales were settled and all-time sales crossed the $40 billion mark this month.
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