Social media giant Twitter thrilled its communist members after sharing updates of the projects going on within the platform. One of those announcements was that Twitter would soon support NFT authentication for creators that would help authenticate their ownership of their works.
This NFT feature has not been fully figured out, and various conversations are going on over what it would look like. There are questions if an authentication badge would pop up on the artist’s profile or each artist’s NFT avatar would be of a different shape.
Speaking of the update, a Twitter spokesperson said, “We’re interested in basically making it somehow visually clear that this is an authenticated avatar and then give you some interesting info and insight about the provenance of that NFT, so that’s kind of where we’re at today.”
While this feature is being explored, the microblogging site announced that crypto users can now connect their wallets and take payment directly from Twitter for their works. This would mean artists can now receive compensation and tips in cryptocurrencies like Bitcoin or crypto wallet apps.
Bitcoin Tipping for IOS Users
Earlier this month, rumors made rounds about Twitter possibly figuring out ways to roll out its tipping function, and the platform has gone on to confirm such words announcing that its tipping function is now available and bitcoin integration included via the Lightning network.
Tipping in Bitcoin is Twitter’s way of ensuring that monetization is accessible to users in places that might be difficult to access fiat currency or make payments in third-party platforms like CashApp.
According to product manager Esther Crawford, the Lightning Network was chosen for the tipping feature due to its low transaction fee. Additionally, users can allow tip sending and receiving in bitcoin by adding their bitcoin lightning wallet or bitcoin address. For the time being, Crawford Noted that the integration is only available to iOS users, but she assured others that Android users would get it shortly.
The product team at Twitter is sourcing for various ways to enable payouts in different countries throughout the world, but Crawford claims that utilizing bitcoin to tip mitigates this.
In a recent press briefing, Twitter’s product manager, Crawford, said, “We want everyone to have access to pathways to get paid digital currency that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible help us get there.”
Twitter is taking steps towards ensuring people are part of healthy conversations and protect their mental health. A new feature to alert users when they are about to join a heated conversation on Space is in place so users can be fully aware of what is being discussed and decide if they are up for it.