Twitter Introduces NFT Trading Using Tweets

Twitter Introduces NFT Trading Using Tweets thumbnail

Reading Time: 2 minutes

  • A section of Twitter users can now buy and sell NFTs through a tweet
  • The feature has been launched in conjunction with four NFT marketplaces including Rarible and Magic Eden
  • The functionality comes shortly after Elon Musk closed a billion-dollar deal to purchase the social media heavyweight

Twitter has partnered with Rarible, Magic Eden and two other NFT marketplaces to allow users to conduct NFT trading using tweets. Although still in the testing phase, the plan will also enable Twitter users to display their digital artworks. Twitter disclosed that the feature supports NFTs from all blockchains, provided they are listed on partner marketplaces.

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.

— Twitter Dev (@TwitterDev) October 27, 2022

OpenSea Notable by its Absence

Dubbed NFT Tweet Tiles, the new system offers an exclusive panel inside a tweet for displaying virtual artworks and offers a clickable icon that redirects to a marketplace where the NFT is listed. Currently, the function works with Rarible, Magic Eden, and Dapper Labs.

According to Twitter, the integration is part of the platform’s roadmap to have developers contribute to how users experience their interactions on the platform.” With the marketplaces powered by different decentralised platforms such as Ethereum and Solana, Twitter revealed that the functionality supports all blockchains provided an NFT is listed on any of the four marketplaces.

Android Users Will have to Wait

Additional information disclosed by Twitter includes that only a select few will be able to enjoy the feature during the testing stage. Speaking to Decrypt, a Twitter representative further revealed that the chosen group will be selected from web and iOS-based Twitter users. Some of those commenting on the development asked the social media platform to add more features such as an NFT search button that “filters for NFTs collections and token ID.”

How about adding a NFT search button. Search filters for NFTs collections and token ID. So you can search a NFT collection and type in the ID and whoever owns it and has it hexagoned it links to their Twitter handle 🤷‍♂️

— T.Ok.G (@tkgagnon) October 27, 2022

The functionality comes at a time when Tesla CEO Elon Musk closed a deal to acquire the social media giant for $44 billion. Although the service is only in beta mode, it is yet to be seen whether it will accommodate more NFT marketplaces like OpenSea and X2Y2.

Read More

READ:  Sydney enters a two-week lockdown

Learn More: business analyst salary, business synonym, business administration jobs, business near me, business hours, business development manager salary, my business course, business in spanish, business headshots, business first, business unit, business brokers near me, dbusiness, 2 business days, is business administration a good major, business horizons, 7 business days, business knowledge, business use case.

Leave a Reply

Your email address will not be published. Required fields are marked *