Elon Musk Officially Buys Twitter as NFTs Now Sellable on Platform

Elon Musk Officially Buys Twitter as NFTs Now Sellable on Platform
  • Elon Musk finally acquired the social media platform Twitter on Oct. 27.
  • The new owner started his tenure by terminating top executives who allegedly ruined the platform.
  • Twitter is now testing a feature that allows users to buy and sell NFTs via tweets.

Social media platform giant Twitter revealed that users will be allowed to buy, sell, and showcase their NFTs via tweets. This new feature was announced as billionaire Elon Musk finally acquired Twitter on October 27.

Musk, the CEO of SpaceX and Tesla, has now finalized his $44 billion Twitter takeover and his first move was to terminate top executives. According to Reuters, the CEO Parag Agrawal, CFO Ned Segal, and head of legal and policy Vijaya Gadde was sacked from the company. Musk accused these top executives of misleading him over the number of spam and fake account on the platform.

Meanwhile, Twitter developers announced in a tweet that the team is testing an integration called NFT Tweet Tiles.

The integration is designed to display NFT artwork in a resolute panel within a tweet. The feature also includes a button that will allow users to buy and sell NFTs.

To make this integration work, Twitter partners with four prominent marketplaces: Solana-based marketplace Magic Eden, Ethereum-based NFT marketplace protocol Rarible, Flow blockchain developer Dapper Labs, and exclusive sports platform Jump.trade. These marketplaces could reach several blockchain networks, including Ethereum, Solana, Flow, Polygon, Tezos, and Immutable X.

Furthermore, a Twitter spokesperson reportedly told Decrypt that all blockchain networks will be supported considering that the links come from one of these marketplaces. The spokesperson also disclosed that the “feature is being tested with select Twitter users across iOS and web.”

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Bryan is a gamer who became genuinely interested in crypto after his initial exposure to Play-to-Earn games like Axie Infinity and Pegaxy. He has basic knowledge of technical analysis and is keeping an eye out for interesting developments in the metaverse and GameFi space.