Twitter is furthering the development of an NFT display option that enables users to show off the NFTs they own.
Last month, Twitter expressed its intention to build a way for NFT owners to show off their authentic digital assets on the platform, by sharing an initial preview of what its upcoming NFT display option will look like.
Related | Photoshop Will Soon Integrate A ‘Prepare As NFT’ Option
Then, on Thursday, last week, Twitter engineer Ethan Sutin shared an update on the progress of an NFT display option with which users can demonstrate their asset ownership status.
https://twitter.com/EthanSutin/status/1453815677345689602
As the Tweet shows, NFT owners will be able to add details of their ownership of the unique digital asset in their image feed. By doing this, people who visit their profile will be able to look up the info on any NFT that is being used, and check on the authenticity of their ownership.
According to CoinMarketCap, NFTs have been bought and sold to date more than 2 billion times, quantifying a sales volume of over $10 billion and a staggering $769 billion total market cap.
The winner among all NFT collections remains the CryptoPunks collection of 9,999 digital characters. These digital assets have been so far exchanged about 17k times for an average price of $143k per item.
Only 3,180 people (or entities) currently own the 9,999 art pieces, a small number compared to the cheaper end of the pricing spectrum: NFT collections of 319k pieces at Rarible, which sold so far for an average of $0.21 each, have been exchanging ownership more than 2 billion times until now, with an estimated total market capitalization of close to a billion dollars.
Cheap or pricy, more people than one would expect currently own NFTs, and many of them would probably want to show them off on Twitter, in a way that unequivocally links back to their rightful owners.
You might also like
More from Tech
YouTube Is Testing AI-Generated Video Summaries
YouTube has recently started testing a new feature that automatically generates summaries of videos using AI.
Meta Launches ‘Meta Quest+’ VR Subscription For $7.99
The new Meta Quest subscription will give you access to the top titles on the device every month. It costs …
YouTube Is Adding AI-Powered Dubbing
YouTube is integrating the team from Aloud to help you dub your videos in other languages with the help of …
New VEED AI Tool Helps You Fix Your Gaze In Videos
How many times have you struggled to keep eye contact with a camera when filming a video and reading off …
Apple Will Automatically Assign You An Apple ID Passkey With iOS 17 And macOS Sonoma
Apple will automatically assign each user a passkey so they can log into Apple accounts without needing a password. Passkey allocation …
IKEA Used AI To Create A Couch That Can Fold Like An Envelope
A design lab affiliated with IKEA used AI to design a couch that only weighs 22 pounds and can fold …
5 Long-Awaited Features Apple Is Finally Bringing To The iPhone With iOS 17
At WWDC 2023, Apple introduced several new features that will come with the release of iOS 17. Here are the …
Leaked: Instagram Is Working On An AI Chatbot
Images leaked by app researcher Alessandra Paluzzi show that Instagram is working on an AI chatbot. According to the images shared …
ChatGPT Maker OpenAI Is Now The Fastest Growing Website
Traffic to the OpenAI website grew by 54.21% in March – the greatest leap among the world’s leading websites. OpenAI now …
