It’s a hectic and non-stop week for Twitter, as the social media platform counts down it’s final days as a publicly-traded company on the heels of the Elon Musk-led private acquisition. However, the platform’s development team is seemingly still full steam ahead, and has announced a new feature in testing around NFTs on Thursday.
Let’s take a look at the new feature addition and what it looks like for NFT enthusiasts.
Twitter’s ‘NFT Tiles’
The announcement came via through the platform’s official dev account, specifying that major NFT marketplaces and platforms, including Magic Eden, Rarible, Dapper Labs, and Jump.trade, would be utilized to start:
Now testing: NFT Tweet Tiles ?
Some links to NFTs on @rarible, @MagicEden, @dapperlabs and @Jumptradenft will now show you a larger picture of the NFT alongside details like the title and creator. One more step in our journey to let developers impact the Tweet experience. pic.twitter.com/AkBisciB1i
— Twitter Dev (@TwitterDev) October 27, 2022
The small product tweak will likely be a nice aesthetic addition for those interested in NFTs at any level, and will allow some more versatility in the development and advertising of NFT platforms. However, as many users noted in the replies, it was interesting to see the largest NFT marketplace, OpenSea, not included on the list.
Elsewhere within the Twitter-sphere on Thursday, Elon Musk reportedly asked Tesla engineers to meet with Twitter product leaders to “review code,” and photos of Musk touring the Twitter headquarters in the Bay Area have been a hot topic on the platform.
Twitter (TWTR) is in it's final hours of being publicly listed on the NYSE, but has performed well in it's closing bow. The social media platform is being acquired by Elon Musk. | Source: NYSE:TWTR on TradingView.com
The State Of Social
Outside of the aforementioned product meeting with Tesla engineers, it’s been a wild week for Twitter. The platform will no longer be on the New York Stock Exchange tomorrow, and the ripple effects have been especially interesting; Musk’s closing has led to speculation (and subsequent volumes and price movement) around DOGE and SHIB, and rumors of a crypto wallet product from the social media platform entered the mix in recent days as well.
Elsewhere in the flurry of social media madness, Meta recorded a multi-billion dollar loss from their ‘Reality Labs’ division focused on VR, AR and metaverse initiatives. Reddit’s NFT-based ‘Collectible Avatars’ have found unexpected success. And Telegram announced a new venture with the TON Network to auction off username handles.
It’s been a rapid fire October for social networks with no slowing in sight; expect more headlines as the plot unfolds around Twitter’s new ownership evolution.
Featured image from Pixabay, Charts from TradingView.comThe writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
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