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.
Cool stuff on the way to show off the NFTs you own👀 What do you think? pic.twitter.com/7Qftzfmdud
— Ethan Sutin (@EthanSutin) October 28, 2021
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.
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