NFTs are so dead, even Elon Musk has dropped them: NFT avatars on Twitter are gone

Uncle Baby Billy

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Two years after Twitter introduced hexagonal NFT avatars, they're gone: As reported by TechCrunch and confirmed by numerous users, the social media platform has quietly dropped the feature, and reverted all existing NFT avatars to standard ones.

NFT avatars on Twitter (now officially known as X, but we're not calling it that) debuted in January 2022 as an option for Twitter Blue subscribers, who were given the option of linking their Twitter accounts to their crypto wallets. To distinguish NFT avatars from the functionally identical JPGs the rest of us use, they were also given hexagonal frames. Twitter was one of the only mainstream platforms to adopt NFTs, and its move to integrate them was a moment of validation for those on the internet who were chasing this trend.

The removal of NFT avatar support came without warning: References to it were simply scrubbed from the Twitter Premium support page. Via the Wayback Machine, here's what it said in October 2023:

NFT Profile Pictures: We're adding NFTs as one of several ways to customize your profile so you can show off the NFTs you own in a hex-shaped profile picture on your account. After a temporary connection to your crypto wallet that allows you to set up an NFT as your profile picture, your digital asset displays in a special hexagon shape that identifies you as the owner of that NFT.

The TechCrunch report said the hexagonal NFT avatar frames were initially still in place after the change, but according to the nftnow Twitter account, they have since been removed.

The response to the change from NFT boosters is about what you'd expect: Surprise, disappointment, confusion, and some faint hope from committed optimists that it merely means Twitter owner Elon Musk has plans for a different and 'better' system. If so, he hasn't offered any hints as to what it might be: There's been no public comment from Musk or Twitter about why NFT avatar support was dropped.

It might be something as simple as NFT fatigue. Despite years of effort, NFTs have yet to gain any sort of mainstream traction, and while the NFT market showed some small signs of life following the massive crash in 2023 that rendered many of them worthless, the floor price—the lowest price of an NFT in a collection—of the Bored Ape Yacht Club seems to be tailing off yet again, and is still nowhere near the lofty heights of valuation it reached in mid-2022.
There's also the possibility that Twitter is looking to avoid potential future headaches. Lawsuits against celebrities who flogged various NFT collections, including Paris Hilton, Justin Bieber, and Ronaldo, continue to pile up, while the US Securities and Exchange Commission may also be looking to tighten up NFT regulation: In September 2023, it charged the creator of the Stoner Cats NFTs with "conducting an unregistered offering of crypto asset securities."

For now, we're left to guess: I reached out to Twitter for more information and got the standard "Busy now, please check back later" auto-reply (hey, at least it's better than the poop emoji). Whatever the reason, I'd call it the first smart move Twitter has made in a very long time: I don't think there was ever any real expectation that paying for avatars would gain widespread acceptance, but I also didn't think that horse armor would evolve into a billion-dollar money-maker for the game industry. In that light, I'm glad to see this whole idea put down once and for all.
 

CopiousX

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It was such a scam :pachaha:

Paying insane prices for NBA clips that I could pull up youtube:dead:
I think they will make a comeback once Zuckerberg's metaverse is fully fleshed out. You need an environment where the digital asset can truly be one of a kind and copying controls can be enforced by a central administrator. It helps if you can physically see your nft in that digital world much like you can see art, without it taking up space.

The digital token thing was just ahead of its time. Its kinda like the introduction of papermoney ages ago in Tang-era china which was initially frought with counterfiets, until the ancient chinese instituted currency controls. It was so bad that China had to abolish it and go back to physical comodities for a while. But look at the world now. We treat the papermoney as commonplace and look at folks carrying gold coins and salt bars like weirdos.
 

Sonic Boom of the South

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I think they will make a comeback once Zuckerberg's metaverse is fully fleshed out. You need an environment where the digital asset can truly be one of a kind and copying controls can be enforced by a central administrator. It helps if you can physically see your nft in that digital world much like you can see art, without it taking up space.

The digital token thing was just ahead of its time. Its kinda like the introduction of papermoney ages ago in Tang-era china which was initially frought with counterfiets, until the ancient chinese instituted currency controls. It was so bad that China had to abolish it and go back to physical comodities for a while. But look at the world now. We treat the papermoney as commonplace and look at folks carrying gold coins and salt bars like weirdos.
:mjlol:


This the type of sucka they make scams for.
 

3rdWorld

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How do you put a fascist into a small business? Give him a big one..:yeshrug:
That's what the Boers used to say about us..:mjlol:
 
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