Advertisement
UK markets closed

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • CRUDE OIL

    83.33
    +1.43 (+1.75%)
     

  • GOLD FUTURES

    2,336.30
    -10.10 (-0.43%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,178.92
    -348.00 (-0.65%)
     

  • CMC Crypto 200

    1,427.69
    +12.93 (+0.91%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Like Twitter, Reddit to Introduce NFT Profile Picture

Oluwapelumi Adejumo
·2-min read

Reddit is the latest social media platform to indicate interest in testing NFT profile pictures for its users. This is coming only a week after Twitter announced the same feature.

Reddit to Experiment with NFT Profile Picture Feature

Reddit spokesperson Tim Rathschmidt made this known in an interview with TechCrunch. According to him, the social media platform is testing the ability to use NFTs for profile pictures and verify ownership. 

Rathschmidt claimed that this was just an experiment on creating more value for users and communities. However, he added that this is an internal test with no decision on whether it’ll expand and roll out the product.

Before officially confirming the development, someone tweeted a Reddit banner promoting the NFT features earlier in the week. This suggests that the small internal test might be more advanced than official sources admit.

ADVERTISEMENT

This is not the first time Reddit is experimenting with crypto. The platform has a dedicated NFT page and apart from that, it introduced the BRICKS and MOON tokens for its /r/Fortnite and /r/cryptocurrency subreddits in 2020.

Thus, this latest move is another step forward in its adoption of blockchain-based technology.

Twitter’s new NFT Feature Draws Criticism

Last week, Twitter launched NFT profile pictures for iOS subscribers of Twitter Blue. It claimed that the feature came after several demands for it by users. But not everyone is pleased with this development.

The launch of NFT profile pictures by Twitter met backlash from various quarters. A day after the launch, a GitHub contributor shared a browser extension that blocks any Twitter account using NFT profile pictures. Elon Musk also described the feature as annoying and referred to NFT as bs.

However, the backlash is unlikely to stop the massive adoption of NFTs by brands. With the metaverse concept becoming a major driving force for tech brands, NFTs have become more important. There are rumors that Meta is developing a marketplace for NFTs.

In the past few months, several NFT oriented projects like GALA, SAND, and MANA have emerged as strong performers along with their tokens. 

This article was originally posted on FX Empire

More From FXEMPIRE: