Elon Musk called NFT integration on Twitter "nonsense"

Posted 21 January, 2022

Tesla and SpaceX CEO Elon Musk criticized the integration of NFT into the social network Twitter. The businessman said that he was annoyed by the fact that the developers of the social network are wasting time on “nonsense”, while Twitter is flooded with a large number of crypto scammers and spambots.



 

On January 20, the social network Twitter announced the integration of NFT as a photo in user profiles. This feature has become available to subscribers of the Twitter Blue premium service with devices based on the iOS operating system. They can now link their social media account to a cryptocurrency wallet and select NFTs to use as their profile photo.

Fraudsters often use the names and photos of celebrities on Twitter and other social networks to extort cryptocurrency from users. In 2020, the most famous case of a Twitter scam occurred. Attackers managed to hack into the accounts of Elon Musk, Bill Gates, and other celebrities in order to conduct a "fake" distribution of cryptocurrency. The scammers promised to double the investment of everyone who sends cryptocurrency to their address.

In March 2021, Elon Musk announced the sale of his own NFT token and set a price for it at 420 million Dogecoin, which at that time was about $23.9 million. Later, the businessman abandoned this idea, explaining that it would be a "not quite right" decision.

 

 

 

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