Community members brought up the issue of fake accounts and scams on X as the platform ends support for NFT profile pictures.
In this week’s newsletter, get the community reaction to X (formerly Twitter) removing support for NFT profile pictures and how gaming retailer GameStop is closing its nonfungible token (NFT) marketplace. In other news, find out how NFTs can make a comeback after the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States and how BRC-20 tokens and Bitcoin Ordinals were an “important narrative” for Bitcoin in 2023.
Social media platform X removed support for NFTs almost a year after its launch. The removal of NFTs sparked responses from community members on what it would mean for the NFT space.
Many community members brought up the issue of fake accounts and scams on X, voicing their disagreement with the move. One X user described removing NFT profile pics as “another black eye” for the space.
