- Similarly, Meta deactivated support for NFT profile pics on Instagram and Facebook in March.
- Twitter officially introduced NFT profile images with a verification system on January 20, 2022.
Social media behemoth X (Twitter) has disabled support for NFTs on its premium membership section. Earlier, according to the support page, Premium subscribers have the option to create and personalize their profile pictures so that they may display the NFTs they possess in a hexadecimal profile photo.
After the user established a temporary link to their cryptocurrency wallet, they were able to put an NFT as their profile image. Once done, the digital asset will appear in a unique hexagonal form, indicating that it is owned by the user.
The premium support section on twitter had already deleted NFTs option at the time this was published. Twitter officially introduced NFT profile images with a verification system on January 20, 2022. A unique hexagonal border was applied to the avatars of paid users who used NFTs as their user profile.
Similar Move by Meta
Meta deactivated support for NFT profile images on Instagram and Facebook on March 15, 2023, a mere ten months after the announcement of integration.
Stephane Kasriel, head of commerce and financial technologies at Meta, said that it was ceasing NFT support “to focus on other ways to support creators, people, and businesses.” However, no particular rationale was provided for the withdrawal.
In September 2022, only a few months after the crypto bear market started, NFT trade volume had dropped by more than 98%. The precipitous decline in NFT sales in 2023 was staggering. Sales peaked at 18,939 on January 5 and plummeted to 1,796 by December 20, according to NonFungible.com.
Highlighted Crypto News Today:
Spot Bitcoin ETFs Approval Ignites Ethereum and Altcoin Rally
