Twitter May Soon Allow Users To Display Their NFT Captures Under The 'Collection' tab --- top 5 tech news websites
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Twitter May Soon Allow Users To Showcase Their NFT Captures Under the 'Collection' tab
POINTS
1.Twitter is friendly to NFT
2.The forum may add a Collectible tab soon
3.NFT owners will be able to show off their catch under it
Twitter is said to be developing an in-app tab called Collectible, which will allow users to display their NFT collections and host on a small blogging platform. The tab will allow NFT owners to connect their crypto wallet from platforms like Coinbase and MetaMask. NFT, or immovable tokens, are visible collections motivated by real-life objects that can be purchased using cryptocurrencies. To ensure that the NFTs shown are genuine, a small badge will be added to the appropriate Twitter profile after proper confirmation.
In early September, Twitter engineer Mada Aflak mocked the first captions of the new Collection tab with video captions. The clip showed how users will be able to connect their crypto wallets to the tab. In addition, the option for users to select one of their NFT as their location is shown and shown in the Aflak video.
On October 25, renowned engineer Jane Manchun Wong dug deep into the development stages and predicted some additional things to look for in a new tab. It will allow others to click on NFT and get a more detailed, enhanced look. A page with details on NFT will also be linked.
At that time, the NFT market prospered in the second quarter, with $ 2.5 billion (approximately Rs. 18,560 crore) in sales so far this year. This figure increased from $ 13.7 million (approximately Rs. 101.7 crore) in the first half of 2020, according to market data.
So far, however, it is not clear when this feature will come out for users.
Twitter's relationship with the crypto-space has grown significantly over the past few years. In 2018, Twitter had blocked all ads related to its crypto-platform. The company is clearly opening a new page, thanks to the crypto boom.
In recent times, crypto-adoption has seen significant growth in several parts of the world including India, Pakistan, Vietnam, and the US, among other nations.
In September, El Salvador became the first in the world to make Bitcoin legal as a legal tender with its currency, the US Dollar.
The cash market for all cryptocurrencies combined exceeded the record $ 2.5 trillion (approximately Rs. 1,87,42,625 crore), according to cryptocurrency tracker CoinMarketCap.
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