After Elon Musk’s private takeover, Twitter has had a busy and nonstop week as the social media platform counts down its last days as a publicly traded company. The development team for the platform showed off a new NFT testing function on Thursday, which shows that they are still working hard.
Let’s take a look at the new feature and what it means for NFT fans.
The “NFT Tiles” on Twitter
The platform’s official dev account made the announcement, which said that well-known NFT markets and platforms like Magic Eden, Rarible, Dapper Labs, and Jump.trade would be used to launch:
The small change to the product will probably make it look better for anyone interested in NFTs, no matter how much, and it will give people more freedom when making and promoting NFT platforms. OpenSea, which is the biggest NFT marketplace, was missing from the list, as many users pointed out in their answers.
Elon Musk reportedly told Tesla engineers to meet with Twitter product management on Thursday to “review code,” and photos of Musk touring the Bay Area offices of Twitter have been a trending topic on the site.
The State Of Social
Aside from the product talk with Tesla engineers mentioned above, Twitter has had a crazy week. The platform will no longer be listed on the New York Stock Exchange as of tomorrow, and the ripple effects have been very interesting. Musk’s closing has led to speculation (and volume and price changes) around DOGE and SHIB, and in recent days, there have been rumors of a crypto wallet product from the social media platform.
During the social media frenzy, Meta’s subsidiary Reality Labs, which focuses on virtual reality, augmented reality, and activities in the metaverse, lost a lot of money. The success of Reddit’s “Collectible Avatars,” which are based on NFT, was a surprise. And Telegram said that it would be working with the TON Network to sell user IDs.
As the story of Twitter’s new ownership changes, you can expect more news stories. October has been a busy month for social networks, and it doesn’t look like it will slow down soon.