Twitter has launched the new profile picture of Non –Fungible Tokens in a Hexagon- Shaped.

As earlier the picture which was showing in NFT was Standard Circle and now it is showing the new profile picture as Hexagon shaped to other users.

Highlighted Facts

• The web3s tech Proponents like NFT say they decentralize the ownership online.
• The sales of NFTs are going to be increasingly more as now, it reached about $25 billion which is roughly about Rs. 1, 86, 250 crores.
• The criticism that is circulating in the market dismisses the decentralization claims.

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On Thursday, Twitter has launched a new tool through which users can showcase Non-Fungible Tokens (NFT) as their profile pictures, tapping into a digital collectibles craze that has exploded over the past year.

Now, Twitter is providing the service to connect their accounts to the cryptocurrency wallets where the users store the NFT holdings. The above features are available on IOS to users of the company’s Twitter Blue subscription service.

The picture that is shown in Twitter of Hexagon in the Non-Fungible tokens (NFT), and differentiating the standard circles available to other users. The clicking in the profile picture will result in the prompts about the art and its ownership appearing.

Like other big tech companies, Twitter is also planning to enable the acceptance of Cryptocurrency as NFT while giving any service. The NFT is a type of speculative asset authenticating digital items such as images, videos, and land in virtual worlds.

 Twitter last year added a functionality feature for the user to send and receive the Bitcoin.

As per the data from the Market tracker it has been revealed that the sales of NFTs have reached $25 billion (INR about 1, 86, 250 crores) in 2021. The signs of slowing down the growth also have been witnessed during the last period of the year.

Many other platforms as NFTs said decentralize ownership online while being the proponents of Web3 technology, as creating a path for users to earn money from popular creations, rather than having those benefits accrue primarily to a handful of tech platforms.

The criticism is dismissing the claims as many other services are powering the adoption of those technologies. The six crypto wallets supported by Twitter’s NFT product is now backed by a small group of venture capitalist.

Just after the launch, it was highly circulated and security researcher Jane Manchun Wong highlighted one of the links in which it was showed clearly how an outage venture-backed NFT marketplace OpenSea temporarily blocked NFTs from loading on Twitter.

The comment from OpenSea has not been received immediately after the comment by Reuters.

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