As a social media platform, Twitter has been one of the first to include NFTs in its mobile app. OpenSea’s API powers a new feature dubbed ‘NFT Profile Pictures,’ which allows users to display their preferred NFT profile picture without fear of being scrutinized for their evidence of ownership.
A caveat, however: The new program is only accessible by those who have signed up for Twitter’s paid service called Blue, which the microblogging service debuted last June to mixed reviews. For all the latest Singapore news, read on to learn more.
Into the hex
As the digital collectibles trend has grown over the past year, Twitter has introduced a new capability that allows users to display non-fungible token (NFT) images as their profile pictures. Connecting your Twitter account to a crypto wallet where you keep NFTs is a new function that is only available to those who subscribe to Twitter Blue on iOS.
Twitter keeps track of these NFT profile images from the regular profile images (circle photos) accessible to other people by displaying them with a hexagonal shape. When you tap on the images, information about the artwork and the person who owns it will emerge.
As of January 20th, ‘NFT Profile Pictures’ is online and ready to use. To see a list of the NFTs they own, all they have to do is link their cryptocurrency funds to their Twitter accounts.
Once they’ve selected their preferred NFT, it will certainly be displayed as their account profile image. Instead of the traditional circular frame, every NFT Profile Picture will also have a distinctive hexagonal frame to show that the user has validated ownership of the NFT to those who may be unaware.
A number of people, including many Singapore news outlets, utilized NFT photographs as their profile pictures before Twitter rolled out the new option, however, NFTs have a fatal flaw. You don’t have to pay significant amounts of money to possess a photo you can right-click and save.
Pesky right-clickers can be easily spotted as a result of this design approach because their absence of proprietorship can be immediately recognized.
The NFT bandwagon
Speculative assets like NFTs, a sort of speculative asset validating digital objects like photographs, movies, and property in virtual worlds, are becoming increasingly popular in the crypto space, and Twitter is no exception. Last year, the social media site provided the ability to transmit Bitcoins to its users.
Decentralization advocates like NFTs claim that their “Web3” methods like NFTs allow consumers to profit from popular content, instead of having those advantages primarily go to the likes of Google, Facebook, and other big companies.
As a matter of fact, many of the services supporting the technology’s adoption, such as Twitter’s NFT product, are backed by a very limited group of venture capitalists, according to SG news experts and critics.
An interruption at OpenSea (a popular venture-backed NFT marketplace) unexpectedly prohibited NFTs from loading on Twitter in a widely circulated tweet after the debut by security researcher Jane Manchun Wong. Reuters requested comments from OpenSea, but the company did not respond quickly.
Hold your horses!
As it stands, people who aren’t a member of Twitter Blue, the company’s $2.99 a month membership service, can’t access the first incarnation of this function. NFTs have to be Ethereum-based, and Twitter users need to utilize the iOS app to verify them.
This means that if OpenSea, the third-party verification service, ever goes down, NFT Profile Pictures will indeed be exposed to failures and image loading issues. If you’re eager for more of the latest news in Singapore, you know where to look.