X (formerly Twitter) will no longer support the feature to use non-fungible tokens (NFT) as avatars for accounts.

X Drops Support for NFT Avatars

The new Premium subscription rules for X, formerly Twitter, no longer include information about NFT avatar support.

Previously, users who bought a Premium subscription could use NFTs stored in their crypto wallets as their profile picture. The verification mechanism on the platform allowed users to display static NFT images of the ERC-721 and ERC-1155 standards, as well as others created on the Ethereum network. Such profile photos received a hexagonal frame as an identifier.

Support for NFT avatars on X was launched in January 2022 and was available to users until January 10, 2024. Notably, the project team didn’t officially announce the discontinuation of support for using non-fungible tokens.

By the way, in March 2023, the use of NFT avatars became unavailable for Facebook and Instagram users, as Meta decided to focus on other ways to support authors.

According to CryptoSlam! data, the trading volume of non-fungible tokens in 2023 was just $8.7 billion, nearly three times lower than it was at its peak in 2022. And there’s a belief that the NFT market will never be able to return to its ATH due to the speculative nature of that period.

Author: Ana Bustos García
#News #NFT