The social media giant X, previously known as Twitter, has decided to eliminate its support for nonfungible tokens (NFTs) on its premium subscription page.
Until recently, X still offered the feature of using NFTs as profile pictures. The support page stated, “As a Premium subscriber, you have the ability to create and personalize your profile by showcasing the NFTs you own through a hexagonal profile picture on your account. By temporarily connecting to your crypto wallet, you can set up an NFT as your profile picture and display your digital asset in a unique hexagon shape that identifies you as the owner.”
However, as of now, NFTs have been removed from X’s premium support page.
On January 20, 2022, Twitter officially introduced NFT profile pictures with a verification system. Paid subscribers who utilized NFTs as their user profile were given a distinctive hexagonal border around their avatar.
In a similar move on March 15, 2023, Meta, the parent company of Facebook and Instagram, decided to withdraw its support for NFT profile pictures. This decision came only 10 months after the integration was initially announced. Although no specific reason was provided for this discontinuation, Stephane Kasriel, the head of commerce and financial technologies at Meta, stated that they are shifting their focus to other ways of supporting creators, individuals, and businesses.
Shortly after the crypto bear market began, the trading volume of NFTs had already plummeted by over 98% by September 2022. During this time, an NFT was only selling for an average of $285, compared to around $2,000 in early January 2022.
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Meta’s decision to remove NFTs from Instagram and Facebook