An example of logical progression: Web 2 → Web 3
followed closely behind Twitter with the NFT profile picture rollout. On top of planning to create an NFT marketplace in the near future, the social media giant has plans to convert people's Karma points into crypto tokens.has started looking into NFTs as an alternative source of revenue for their creators.
Most NFT owners believe that displaying the NFT they purchased on social media adds value to their holdings. Thus, providing crypto-compatible social media companies the chance to reach and retain new NFT-oriented customers. Additionally, the social media companies with the most influence in the NFT space can impact the development of Web 3.0 since this iteration of the web revolves around the concept of storing user data on blockchains.
can represent the owner’s identity in both the crypto world and the futuristic metaverse. For example, Twitter Blue allows users to verify and use their NFT as their profile picture, and more social media platforms are following suit.
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