Elon Musk, the CEO of Tesla, is not pleased with Twitter’s new non-fungible token (NFT) integration. Musk lambasted Twitter in a Friday morning tweet for devoting technical resources to NFT integration while failing to do more to combat spam on the social media platform.
Musk’s tweet criticizing crypto fraudsters was accompanied by tweets offering fake giveaways,
“This irritates me,” he wrote. “While crypto fraudsters have a spambot block party on every post, Twitter spends technical resources on this nonsense!”
NFT profile images (PFPs) have lately been available to Twitter users. Avatars with hexagonal shapes that show NFT graphics may already be seen on specific user accounts. According to Twitter, the photographs are now part of a verified collection on NFT marketplace OpenSea.
Musk’s criticism of Twitter’s NFT initiative is likely since fraud accounts often imitate Musk and other well-known personalities to promote cryptocurrency giveaway schemes. One such Musk impostor successfully stole $2 million from unknowing victims in 2020.
Scammers posing as MicroStrategy CEO Michael Saylor recently stole more than $1 million in bitcoin from a single person. This problem isn’t limited to Twitter; fraudsters use identical strategies on government websites and various other social media platforms, including YouTube. NFT integration on Twitter is presently only accessible to users of Twitter Blue, the social media company’s premium service.
BlackRock CEO Larry Fink has said he was wrong about Bitcoin and crypto in earlier…
Crypto prediction platform Polymarket has announced its highly anticipated return to the U.S. market. This…
December Fed rate cut prospects strengthened after ADP reported a deeper than expected drop in…
Trump-backed World Liberty Financial has revealed plans to expand its crypto offerings by January next…
Bitget crypto exchange has partnered with LALIGA star player Julian Alvarez to highlight the trading…
Strategy has officially started off talks with top index firm MSCI. Michael Saylor has confirmed…