Social Media giant Twitter announced today, Oct. 27, that the platform would make a provision for users to buy, sell and exhibit their NFTs via tweets. The Californian-based company recently made a deal with four NFT marketplaces for its testing. At the time of writing this, TWTR stock is up 0.66%, and is currently trading at 53.70 USD.
- Twitter Dev team announces a pilot called NFT Tweet Tile.
- The pilot will be accessible for those in the test group on iOS and the Web for the NFT marketplaces-Magic Eden, Rarible, Dapper Labs, and Jump.trade.
Twitter is Testing NFT Tweet Tile
The Twitter Dev team, the account of Twitter’s development, took to Twitter to announce it was testing “NFT Tweet Tile” earlier today. The integration includes a button that allows users to click through to a marketplace listing as well as a dedicated panel that displays the artwork of an NFT within a tweet.
This integration currently works seamlessly with four NFT marketplaces, namely-Magic Eden, Rarible, Dapper Labs, and Jump.trade. These marketplaces cut across a number of different blockchain networks, including Ethereum, Solana, Flow, Polygon, Tezos, and Immutable X. This Tweet Tiles pilot will be accessible for those in the test group on iOS and the Web for the NFT marketplaces highlighted.
Magic Eden specifically thanked Elon Musk for “making this happen.” After declaring he would proceed with the $44 billion acquisition in early October, the tech billionaire finally closed his Twitter deal today.
Social Media Giants and Their Love For NFTs
Twitter has seen its platform’s fair share of NFT functionality coming in 2022. In January, the platform launched a feature for its premium users called Twitter Blue. This feature gave users the opportunity to exhibit their NFTs in the form of profile pictures also known as PFPs.
Twitter isn’t the only social media behemoth pursuing more NFT functionality this year. Meta has gradually added new features to both Instagram and Facebook. The most recent update to the project, which began in May, was released in late September. This update enabled users to share their NFTs across platforms, including Facebook and Instagram.
Tweet Tiles give developers more ways to interact with audiences on Twitter in an aesthetically pleasing, interactive, and customizable way by expanding the creative potential of a Tweet.
Sales will increase, and new and popular collections will be easier to find with the ability to embed NFTs, which include all necessary details and a link to the marketplace. Though the NFT sales have dropped, we expect a massive surge once the crypto market bounces back.