Twitter presentations the NFT profile photos as hexagons, differentiating them from the usual

Tapping at the photos activates information about the artwork and its possession to appear. Like different tech companies, Twitter is speeding to coins in on crypto traits like NFTs, a form of speculative asset authenticating virtual objects along with images, motion pictures and land in digital worlds. The social media platform remaining yr brought capability for customers to ship and acquire Bitcoin. Sales of NFTs reached some $25 billion in 2021, in keeping with records from marketplace tracker DappRadar, despite the fact that there have been symptoms and symptoms of boom slowing towards the give up of the yr.

Proponents of “Web3” technology like NFTs say they decentralize possession online, growing a route for customers to earn cash from famous creations, as opposed to having the ones advantages accrue commonly to a handful of tech platforms. Critics disregard the decentralization claims, noting that some of the offerings powering adoption of these technology – just like the six crypto wallets supported via way of means of Twitter’s NFT product – are subsidized via way of means of a small organization of undertaking capitalists.

In a broadly circulated tweet https://twitter.com/wongmjane/status/1484191510455533569 after the launch, protection researcher Jane Manchun Wong highlighted one of these links, displaying how an outage at undertaking-subsidized NFT market OpenSea briefly blocked NFTs from loading on Twitter. OpenSea did now no longer right away reply to a request from Reuters for comment. (Reporting via way of means of Katie Paul; Editing via way of means of Simon Cameron-Moore)