Washington Post: Why Twitter and Facebook are adopting NFT? Because it is a social currency

Special avatars for cryptocurrency traders are the fastest and most direct way to collaborate to meet customer needs.

This week, the profile pictures of thousands of Twitter users changed from circles to hexagons as media coverage began to support NFTs, a symbol, not a fake.Meanwhile, Facebook and its sister company Instagram are working on a special feature that allows users to share NFTs as part of their profile, according to the Financial Times.

For those who previously avoided learning about NFTs, NFTs are digital tokens taken from a permanent digital catalog called blockchain that proves ownership of certain digital products, such as graphics. If you see avatars of celebrities or cryptocurrency enthusiasts on social media, like unsatisfying primates or pixelated hooligans, they can post graphics as NFTs and can cost you hundreds of thousands of dollars.

also yes no,This NFT-enabled avatar will appear on Twitter in a hexagonal shape to distinguish the profile picture, and clicking on it will take you to a page showing its authenticity, including the blockchain address and the identity of the author .For Twitter, it's also a way to sell titles to new services.. The NFT function is only available for Twitter Blue users. Facebook declined to comment on its plans, but reports suggest it has a money laundering scam that may boast NFTs for its friends and followers.

Crypto enthusiasts are encouraged to share their preferences on social media platforms that provide user approval in the form of “likes” and “favorites”, rating values ​​by followers and ticking VIPs.Another smart way to provide users with technology analysts and entrepreneur Eugene Wei is called "self-help".Much like consumer food, this new digital identity allows people to identify themselves and prove their place in the social hierarchy and their participation in a group.

In 2019 a useful article on social networks,Wei argues that people have a deep mentality of "good-looking monkeys" who seek time to identify and prove their place in the social hierarchy and participation in groups.According to him, the rise and fall of relationships depends on their ability to provide users with new aesthetic options for the benefit of relationships.

Instagram lets users complete events based on their photography skills, like where fashion, Twitter-based recommendations or passion, music tastes, and physical dance skills (at least initially) TikTok and more are allowed .

Of course, the media is not the only business that operates legally.Many of his ideas also apply to the world of fashion and art collecting. In this case, like NFTs, there is an additional financial dimension not included, but the size does not come entirely from social media. Wei noted that Facebook was only available to Ivy League students for the first time.

At the time Wei wrote this, NFT art hadn't started yet, but it fits that concept perfectly (inspired in part by comparing social media and ICOs (e.g. limited startup giving away coins) ). It's no better than proving the owner's taste, wealth, and ability to see the model before the main point, and perhaps the best example of a service, as others have pointed out. It's no surprise that the company, by giving users a way to express themselves and build relationships, is committed to providing new avenues for rapid, wealthy and productive growth.

Wei said in a Twitter post on Friday that including NFTs in social media avatars was a way for owners to "increase signal value." This is an easy lego avatar.

He said "the profile picture has long been the closest we've had to the body we have on the now weakened 2D using the social media platform," he said. "So it's no surprise that people have spent so much time constructing important buildings to support their interests, beliefs, circumstances, etc."

However, he added, "It's not about events, like all characters. Crypto has a strong concept, so having an NFT [profile picture] can be part of a fair deal for the cause."

In fact, NFT is part of crypto power, and its top advisers like to talk about building a new website (sometimes called Web3) that will transform today's major trading platforms. On the face of it, that might knock it out of tune with the major platforms in today's market. However, the technology platform is quickly adopting NFT as a preferred option rather than a protection threat.

Social media images that relate to NFT artwork are nothing new. NFT hosts have used images of Bored Apes and Cryptopunks as avatars since the beginning to show their membership in one of these specialized organizations. (The community of people who own the Boring Ape NFT is actually known as the "Girl Ape Yacht Club", and Boring Ape is awesome, even without diving, because they're competitively priced boats and like, work, haha ). Many people have added ".eth" to their profile, which is used for the Ethereum blockchain where many NFTs are documented.

But, as skeptics of the crypto craze point out, you don't need a yacht to share NFTs on Twitter. If you wish, you can print a free photo and use it as your own photo. It's like hanging a Rothko replica on the wall holding a fake Goyard bag in a relationship, unless the digital image of the NFT you don't have is the same as the NFT you have.

This is the problem. Twitter attempted to fix the issue on Thursday by creating an NFT profile picture supporting the role. Now, if your cute cat or fat penguin avatar is "real", for example supported by NFTs on the Ethereum blockchain, that's very different from right-click saving.

However, this does not mean that the NFTs of Facebook, Instagram and Twitter have achieved great success. The problem is that NFT-endorsed events in the cryptocurrency community have a very different base than events offered by social platforms. People who get Twitter followers for dry entertainment or political commentary are less likely to pay more attention to tags that show more consumer value as user intelligence.

As required,Twitter voice is not acceptable.Pranksters quickly discovered that Photoshop could create clones of NFT avatars. Some tech-savvy people have found that Twitter's capabilities clearly differentiate between real and fake NFTs. The former are usually store-bought items such as OpenSea, which are valuable products, the latter are copies of those beautiful images. Coins can be shipped cheaply on the blockchain itself. Meanwhile, users may believe that the whole concept of NFT is fraud or deception (or an environmental incident), encouraging others to use Twitter's NFT feature to block or block the audience.

It will not affect those who have already invested in the NFT world. If the separation of the moneyless was reinforced in the group, they were now used to teasing. However, if the hex profile picture becomes a disgrace to the wider network than Twitter, it could distract other cryptocurrency favorites by signing up.

Therefore, the expansion of NFTs on Twitter and Facebook will end up further polarizing the understanding of NFTs rather than driving their adoption. But even so, the risk to the relationship itself seems minimal. After all, personal, taste and political debates are only one more opportunity for the users of these relationships to achieve the desired results.

An anonymous Twitter user said in a recent NFT feature update on Thursday. "Twitter doesn't care that many users hate this. Twitter is looking forward to this to create more noise and traffic on the platform."