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  • Guides
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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

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    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

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    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

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    Boxed Memecoins as Collectible Toys

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    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

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    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

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    GaFin Joins Efforts with Helium Wars to Redefine the Future of Web3 Gaming

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    Crypto games are struggling in 2025, but big brands aren’t giving up

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    Taking Back Identity: How MocaChain Decentralizes Digital Power

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    Can Snoop Dogg’s Telegram Drop Revive a Slumping NFT Market?

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Home NFT

X calls it quits on NFT profile pics

January 14, 2024
in NFT
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X calls it quits on NFT profile pics
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X discontinued support for NFT profile pictures this week after first launching the feature in January 2022.

READ ALSO

CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

Volume Plunges While Transactions Soar

Under the direction of crypto-friendly CEO Elon Musk, the profile pictures became a paid feature, though Musk has seemingly soured on the concept.

Users of the feature opened the app Wednesday to find their formerly-hexagonal profile pictures to be circular once again.

Read more: X reportedly no longer supports NFT profile pictures

Neither Musk nor X have publicly commented on the reasoning behind the change.

Ironically, Musk — who became a public voice in the crypto world during the last bull run — inherited the NFT project and saw it killed under his tenure. For crypto-interested X users, hopeful Musk-led crypto integrations have largely not come to pass.

Read more: Twitter ‘X’ rebrand spurs hype around potential crypto integration — again

PFP NFTs, or digital art projects meant to be used as social media profile pictures, became a popular use case for collections like Bored Apes and CryptoPunks during NFTs’ 2021 ascension.

Social media companies hopped on the trend, though with the general decline in interest in NFTs, the tech giants followed suit. The end of X’s NFT road follows a similar decision from Meta last year. Elsewhere, Amazon’s reported NFT platform has been slow to develop.

Bitcoin almost goes to the moon

A group including derivatives exchange BitMEX tried to send a private key containing one bitcoin on a NASA-led trip to the moon this week, Macauley Peterson reported.

See also  ‘NFTs Have Been Hated for So Much Longer Than They Were Loved’

Unfortunately, the bitcoin may never make it there.

The rocket reached space, but a lander built by Astrobotic experienced a fuel leak, making the payload’s landing on the moon unlikely.

Astrobotic said Friday that it had stemmed the leak quicker than first predicted, and “there is growing optimism that [the spacecraft] could survive much longer than the current estimate.”

Read more: A bitcoin headed for the moon may be lost in space

For what it’s worth, bitcoin may not be figuratively moon-bound, either, at least in the near-term. The currency had a sluggish second day of spot ETF trading, sliding 11% from its Thursday high.

One interesting stat:

  • Despite all the excitement about spot bitcoin ETF approval, sales volume on Bitcoin digital art inscriptions fell by over 20% this week, according to CryptoSlam.

Also of note:

  • A Taproot Wizards-led Ordinal inscription collection is on auction at Sotheby’s to rally support around a proposed upgrade to Bitcoin.

Tags: callsNFTpicsprofilequits

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Solana Co-Founder Applauds Solscan Development Amid Etherscan Acquisition News

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Do Tap-to-Earn Games Have a Future? Experts Weigh In

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Dogecoin Chart Described as ‘Beautiful’ By Crypto Analyst

Dogecoin Chart Described as ‘Beautiful’ By Crypto Analyst

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