NFTs are non-fungible tokens, where the term ‘non-fungible’ implies that they are unique and non-interchangeable tokens stored on a blockchain, a form of digital ledger. They may be associated with reproducible digital files such as photos, videos, and audio.
The business magnate and CEO of Tesla and SpaceX – Elon Musk – came out on Twitter this Friday to express his discontentment with the social platform for what he sees as unwarranted spending of its resources.
Irked by Twitter’s latest feature of letting users showcase NFTs as profile pictures, he commented, “Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread!?”
This is annoying pic.twitter.com/KAkDl29CTX— Elon Musk (@elonmusk) January 21, 2022
Bringing You Up-To-Date With Twitter’s Latest Feature
Twitter launched the NFT profile pic feature on Thursday, permitting users to use their non-fungible tokens as their profiles. These NFT profile pics are differentiated with a special hexagon shape.
“Right now Twitter only supports static image NFTs (JPEG, PNG) minted on the Ethereum blockchain,” the platform further elucidated.
Origin Of Musk’s Disapproval
NDTV remarked that Musk’s criticism of Twitter’s NFT move is likely triggered by the rising crypto giveaway scams by people who impersonate the Tesla CEO and other notable figures. The problem escalated so much in 2018 that Twitter had to block unverified accounts that changed their names to Elon Musk.
Nonetheless, many even agreed to Musk’s views on this NFT profiles’ affair as twitterers concerns shifted towards the need to crack down on crypto scammers and spambots on the platform, Bitcoin reports.
Even former Google marketing manager Adam Singer concurred with the South African-born American entrepreneur, “Elon is right on this. Twitter’s product team needs better prioritization on what’s actually important for user experience,” adding that “every Elon Tweet comment section is an easy honeypot they could use to nuke a non-trivial amount of spammers/grifters (yet they do nothing).”
Speaking of alleged unwarranted spending, several users countered back on Musk’s tweet too, with Elon Musk using his resources on the promotion of cryptocurrencies, especially on the popular meme-coin Dogecoin (DOGE). One of such commenters pointed out, “Elon [is] getting absolutely donked on for criticizing Twitter spending resources on NFT integration while doing the exact same thing with his company & DOGE.”
The NFT Profile Pics Fad: Celebrities
The Bored Ape Yacht Club (BAYC) NFTs – one of the most successful NFTs out there – have sold out like hot cakes among famous personalities in 2021- Eminem, Jimmy Fallon, Post Malone, Stephen Curry, Logan Paul, Marshmellow, and the list goes on.
Today, many celebrities that own a BAYC and other popular NFTs flaunt a non-fungible tokens’ profile pic on Twitter.