Twitter May Soon Let Users Flaunt Their NFT Holdings Under 'Collectible' Tab

Twitter has been tipped to be working on a Collectible tab, with no rollout date announced yet.

By Radhika Parashar | Updated: 26 October 2021 17:41 IST

Twitter may soon roll out a Collectible tab for all users

Highlights

Twitter is getting NFT-friendly
The platform may soon add a Collectible tab
NFT holders will be able to flaunt their holdings under it

Twitter is tipped to be developing an in-app tab called Collectible, which will allow users to show off their NFT collections and holdings on the micro-blogging platform. The tab will allow NFT owners to link their crypto wallet from platforms such as Coinbase and MetaMask. NFTs, or non-fungible tokens, are virtual collectibles inspired by real life items that can be bought using cryptocurrencies. To authenticate that the NFTs showcased are real, a small badge will be added to the respective Twitter profile after due verification.

Earlier in September, Twitter engineer Mada Aflak teased the first glimpse of the new Collectible tab with a video snippet. The clip showed how users would be able to connect their crypto wallets to the tab. In addition, an option for the users to choose one of their NFTs as their display picture on the platform was also shown in Aflak's video.

As promised, here is the first experiment. Feedbacks and ideas are welcome :) https://t.co/TDyhibCXfG pic.twitter.com/2ifru9T2Pa
— Mada Aflak (@af_mada) September 29, 2021

On October 25, known reverse engineer Jane Manchun Wong dug deeper into the development stages and predicted some more things to look out for in the new tab. It will allow others to tap on the NFT and get a detailed, magnified look. A page with details on the NFTs will also be linked.

Twitter is working on Collectibles profile tab, NFT view and NFT details view pic.twitter.com/BrqPyvaLOp
— Jane "Not A Twïtter Employee" Manchun Wong (@wongmjane) October 24, 2021

Meanwhile, the NFT market thrived in the second quarter, with $2.5 billion (roughly Rs. 18,560 crore) in sales so far this year. The figure is up from just $13.7 million (roughly Rs. 101.7 crore) in the first half of 2020, marketplace data showed.

As of now however, it remains unclear by when this feature would finally roll out to users.

Mastercard Partners Digital Wallet Bakkt to Offer Crypto Services in US

Twitter's relation with the crypto-space has come a long way in the past few years. In 2018, Twitter had banned all crypto-related advertisements from its platform. The company is clearly turning over a new page, thanks to the crypto boom.

In recent times, crypto-adoption has witnessed a significant growth in several parts of the world including India, Pakistan, Vietnam, and the US, among other nations.

In September, El Salvador became the first in the world to legalise Bitcoin as a legal tender alongside its fiat currency, the US Dollar.

The market capitalisation of all the cryptocurrencies put together has crossed a milestone of $2.5 trillion (roughly Rs. 1,87,42,625 crore), according to cryptocurrency tracker CoinMarketCap.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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Further reading: Twitter NFT, NFT Holdings, Tab, Crypto, Twitter Collectible, Collectible

Radhika Parashar

Email Radhika

Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More