News
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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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:
- Launch the Twitter for iOS app.
- Open your profile.
- You should see a notification about using an NFT as your profile picture. Tap the Choose NFT option.
- Connect Twitter to the cryptocurrency wallet that contains the NFT you want to use.
- 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.
News
Mamo Completes $3.4M Funding Round To Enhance Fintech Services
The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.
![mamo completes $3.4 million funding round to enhance fintech services](https://techmgzn.com/wp-content/uploads/2024/07/mamo-completes-3.4-million-funding-round-to-enhance-fintech-services.jpg)
UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.
Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.
Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.
Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.
Also Read: A Guide To Digital Payment Methods In The Middle East
Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.
To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.
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