‘New NFT Profile Pic’ Trends On Twitter And Takes The Social Media Platform ‘Down’ With It – Twitter (TWTR)

Twitter Inc (NYSE:TWTR) said Thursday it is rolling out non fungible token profile photos and the social media network was reported to be down by several users — as a result.

What Happened: Twitter Blue announced that the feature was live on the platform, posting a short guide on how to enable NFTs as profile pictures.

At press time, 34,405 reports of outages were noted on Downdetector, a service that tracks real-time information about the status of various web and mobile applications.

The hashtags #NewNFTProfilePic and #twitterdown were both noted trending on Twitter at press time.

See Also: How To Buy Twitter (TWTR) Shares

Why It Matters: NFT profile pictures are displayed in a special hexagonal shape, according to Twitter. In order to display an NFT as a profile picture, users must connect their cryptocurrency wallets.

The $2.99 per month Twitter Blue subscription service is required to use an NFT profile picture along with a device that runs Apple Inc’s (NASDAQ:AAPL) iOS, reported The Verge.

Twitter’s announcement drew some witty responses in the form of memes including one from Dogecoin (CRYPTO: DOGE) co-creator Billy Markus.

Twitter had debuted an Ethereum (CRYPTO: ETH) NFT verification feature in September last year as a precursor to rolling out the NFT profile picture service.

Also on Thursday, Meta Platforms Inc (NASDAQ:FB) said that it would allow its users to mint NFTs and sell them on its social media platforms Facebook and Instagram.

Price Action: On Thursday, Twitter shares traded 0.2% lower at $37.28 in the regular session and fell 1.3% to $36.80 in after-hours trading.

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