What does X’s removal of NFT profile images mean for crypto art?

The decision called “another black eye” for the NFT industry by a community member on X. Community users discussed the potential implications of X’s (previously Twitter) decision to stop supporting nonfungible token (NFT) profile pictures. 

Almost a year after its launch, on January 10, X stopped supporting NFTs. On January 20, 2022, the site launched a feature that lets paying users connect their Twitter profile pictures to their NFTs. This will create a hexagonal shape on their profile photo and offer a way to confirm that it is an NFT. 

 The removal of NFT profile pictures caused a lot of discussion. Some said that it would be more difficult to identify fraudulent accounts, while others hypothesized that it would be a step toward selling exclusive X NFTs in the future. 

Fake accounts brought up by an NFT holder on X. The proponent of NFT contended that eliminating NFT profile images will make it more challenging to identify phony and fraudulent accounts. “As if the problems with scams and phony accounts on Crypto Twitter weren’t enough already.”

Challenges and Shifts in the X Industry Landscape

An additional X user called the action “another black eye” for this industry. The community member also brought up the subject of fake profiles, stating that people could confirm that the person they were communicating with wasn’t attempting to trick them by looking at their NFT profile photographs. The new development, according to the X account Autism Capital, signifies the “end of an era,” and someone else brought out the problem of scammers using memes. 

Community members are making predictions about billionaire Elon Musk’s plans in the meantime. After making this step, one Reddit member speculated that the platform would sell NFT exclusive to X. Referring to Reddit’s digital collectibles, which effectively got 10 million people into the NFT arena, another user backed up the remark.