Facebook, Twitter Look Into NFTs, Robinhood’s Crypto Wallet: Latest News

January 21, 2022

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Facebook (MVRS) – Get Meta Report and Twitter (TWTR) – Get Twitter, Inc. Report brought NFTs closer to the mainstream as Robinhood launched the beta version of its crypto wallet. Watch Ross Mac of Maconomics broke down the latest cryptocurrency news on TheStreet’s ‘Crypto Minute’ on Friday, January 21.

Transcript:

We predicted it…and sure enough, it’s coming true…Facebook is reportedly looking to make and sell NFTs. The Financial Times reported that the plans are at an early stage so they could change, but teams at Facebook and Instagram are preparing a feature that would let users display NFTs as profile pictures while also letting users mint and sell NFTs in a new marketplace…so who knows…That embarrassing picture you put up for Throwback Thursday just might be worth something.

Twitter Blue users can now use their NFTs as their profile pictures. Tesla CEO Elon Musk thinks that the rollout is “annoying.” He tweeted out that it was BS that Twitter was spending resources on this rather than focusing on crypto scammers and their bots. We all know how powerful Elon’s Tweets can be, but I doubt Twitter changes up their strategy to appease Elon on this one.