Tuesday, May 17, 2022
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By Sunil Sharma
Published 10 mins ago Updated 10 mins ago

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.

Elon Musk’s Stand Point On Integration

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.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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