Twitter is going to make it possible to trade NFTs using tweets.

Thursday was the day that the Twitter account for the development group announced that they would be integrating additional functionality in the event that non-fungible tokens were used. In addition to noting the token's title and the name of its creator, links to specific marketplaces of non-fungible tokens will now also offer the token's larger picture.

The compatible marketplaces use a variety of blockchain networks as their foundation, including Ethereum, Tezos, Polygon, Flow, and Solana among others. Immutable is also one of these blockchain networks. According to the statement, the most recent features can be directly accessed for the non-fungible tokens connected with the platforms such as Magic Eden, Rarible, Dapper, and Jump.trade. This is possible since these tokens are not subject to fungibility restrictions. Rarible provided a demonstration of their proprietary tile arrangement in a tweet it published.

Particular thanks were extended to Elon Musk on behalf of Magic Eden for taking such a significant step. Following the recent announcement that he would proceed with the acquisition of Twitter for up to $44 billion, the tech billionaire has today successfully completed the terms of his contract with Twitter. Throughout the course of this year, the social media platform has engaged in a number of activities to facilitate the operation of NFT on the venue. In January of 2022, it debuted a one-of-a-kind feature that was designed specifically for premium customers.

Customers of Twitter Blue were granted the ability to use non-fungible tokens associated with their accounts as profile pictures. Additionally, third parties have provided support for the platform in order to facilitate NFT endeavors. A company called CoinShares developed a bot that can be helpful to users, in contrast to the majority of the NFT bots that are currently active on Twitter, which are primarily obnoxious. The provision of estimations regarding the true value of the tokens that have been posted to the OpenSea platform falls under the purview of the bot that goes by the name NFTAI.

Both Meta and Twitter are Trying to Offer More NFT Functionalities, Which Creates Competition Between Them.

It is not accurate to say that Twitter is the only social media company that is actively working to improve the functionality of NFT. In this regard, Meta has also been gradually incorporating a wide variety of features on Facebook and Instagram. The most recent stage of development of the project began in May 2022 and continued into September of that same year. Because of this update, the users were able to share their NFTs on Facebook and Instagram simultaneously.