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Twitter Now Lets Users Set NFTs As Profile Pictures

The new feature is currently only available in the United States, Canada, Australia, and New Zealand through Twitter’s iOS app.

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twitter now lets users set nfts as profile pictures
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Non-fungible tokens, or NFTs for short, are redefining the art industry and making some of their creators obscenely rich. Since the early days, NFT fans have been discussing the latest twist on blockchain technology on Twitter, often using their most cherished NFTs as profile pictures.

But since NFTs are technically just receipts to patronage that don’t prevent anyone from right-clicking on them and making as many copies as they want, distinguishing their rightful owners from impostors hasn’t been easy — until now.

All Twitter Blue paid subscribers in the United States, Canada, Australia, and New Zealand can now use the Twitter for iOS app (no other versions are supported at the moment) to connect to their crypto wallet and use their NFTs as profile pictures. Here’s how:

  1. Launch the Twitter for iOS app.
  2. Open your profile.
  3. You should see a notification about using an NFT as your profile picture. Tap the Choose NFT option.
  4. Connect Twitter to the cryptocurrency wallet that contains the NFT you want to use.
  5. Choose your desired NFT and tap Done.

Even though it’s currently possible to set NFTs as profile pictures only on iOS, the results are visible to users across all versions of Twitter. To visually stand out from regular profile pictures, Twitter displays NFTs in an hexagonal outline instead of the regular circular outline.

Also Read: A Beginner’s Guide To Getting Started With NFTs

The NFT feature is powered by OpenSea, an online marketplace for NFTs. Since the feature depends on a third party, it could stop working if something happened to OpenSea. The profile pictures themselves are most likely cached on Twitter’s servers, however, so they probably would still be visible.

Twitter’s embrace of NFTs, which are closely tied to the cryptocurrency Ethereum, comes shortly after the departure of the company’s former CEO, Jack Dorsey, who is known for rejecting other cryptocurrencies besides Bitcoin.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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