Twitter May Soon Let Users Flaunt Their NFT Holdings Under ‘Collectible’ Tab

[ad_1]

Twitter is developing an in-app tab called Collective, which will allow users to showcase their NFT collections and holdings on the micro-blogging platform. The tab will allow NFT owners to link their crypto wallets to platforms such as Coinbase and MetaMask. NFTs, or non-fungible tokens, are virtual collectibles inspired by real-life objects that can be purchased using cryptocurrencies. A small badge will be added to the respective Twitter profile after due verification to certify that the NFTs displayed are genuine.

Earlier in September, Twitter engineer Mada Aflak teased the first glimpse of the new Collectibles tab with a video snippet. This clip shows how users will be able to connect their crypto wallet to tab. Also, the option for the users to choose any one of them NFT A picture of his performance on stage was also featured in Aflac’s video.

On October 25, noted reverse engineer Jane Manchun Wong delved deeper into the development stages and predicted a few more things to look for in the new tab. This will allow other people to tap on the NFT and get a detailed, magnified look. A page with details on NFTs will also be linked.

Meanwhile, the NFT market good odds In the second quarter, with $2.5 billion in sales so far this year (about Rs 18,560 crore). This figure is up from just $13.7 million (about Rs 101.7 crore) in the first half of 2020, Marketplace data Has shown.

However, it is not yet clear when this feature will start for the users.

relationship with twitter crypto-space The past few years have come a long way. In 2018, Twitter banned all crypto-related ads from its platform. The company is clearly turning a new page thanks to the crypto boom.

In recent times, crypto-adoption has seen significant growth in many parts of the world including India, Pakistan, Vietnam, and the US among other countries.

in September, El Salvador Became the first person in the world to legalize bitcoin as legal tender with its own fiat currency, the US dollar.

market capitalization of all cryptocurrency According to cryptocurrency tracker CoinMarketCap, the aggregate has crossed a milestone of $2.5 trillion (about Rs 1,87,42,625 crore).


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain of classGadgets 360 Podcast. orbital is available Apple Podcasts, google podcasts, Spotify, amazon music And wherever you get your podcasts.

.

[ad_2]