Social media company Twitter has officially launched Non-fungible token (NFT) tweets, Tweet Tiles in collaboration with four NFT marketplaces; Solana-focused Magic Eden, Ethereum-based Rarible, Flow blockchain creator Dapper Labs, and sports-oriented platform Jump.trade.
This innovation which is currently in the pilot testing phase allows users to buy, sell and display NFT through tweets.
The Tweet Tile pilot program is an extension of the first phase of testing which started in August with a few selected news outlets which include The New York Times, The Wall Street Journal, and The Guardian.
Apart from Magic Eden, Rarible, Dapper Labs, and Jump.trade which is the second batch to test the new component, Twitter intends to feature the Tweet Tiles on five other NFT platforms which will also permit the display of digital collectibles within tweets.
Twitter Offers Users NFTs in Tweet
Tweet Tiles is a display of the customizable frame of a digital collectible on a dedicated panel within a tweet. It features a button that gives users access to an NFT marketplace listing with just a click. Therefore, some links on the partnered platforms will redirect users to a display of a larger picture of the NFT alongside details like the title and creator.
While still in the testing phase, the social media platform believes that the introduction of larger images, text, and buttons can spike users’ engagement.
All these are exactly what Tweet Tiles offers while providing high-definition visuals in a format that is mobile-friendly. Jump.trade acknowledged in a tweet that while this feature is a lovely and welcome boost for NFTs, it may just be the next milestone for Web3.0.
Eventually, if the pilot program turns out effective, Tweet Tiles will become available for all users, providing a more innovative way for collectors to own, display and trade NFTs. Additionally, the sales, creation, and adoption of NFTs will skyrocket leveraging the population of users on Twitter.
In April, Twitter partnered with payment processor Stripe to roll out crypto payouts. These crypto payouts allow a few selected creators on the Twitter platform to receive their earnings in United States dollar-backed stablecoin USD Coin (USDC).