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Twitter Launches NFT Tweet Tiles, Dogecoin Rises 50 percent

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Twitter Launches NFT Tweet Tiles, Dogecoin Rises 50 percent

Coingabbar

By Coingabbar

7 months ago
2 mins read
Twitter Launches NFT Tweet Tiles, Dogecoin Rises 50 percent

According to data provided by CMC, DOGE is now trading at around $0.14 at the time of writing. The most well-known memecoin, supported by Elon Musk, the millionaire CEO of Tesla, has risen by 50% in the last day and by more than 143% in the last week, reaching a 10-week high. Keep in mind that on October 18, Dogecoin's hash rate surpassed its previous high by seven months, reaching 815 TerraHashes per second (TH/S).

Dogecoin's price has been rising steadily for a few days now as Twitter rolls out a new feature called NFT tweet tiles that may expand its use cases.

Dogecoin (DOGE), the most popular memecoin, has grown by 50% over the past day, according to data from CoinGabbar The price increase occurs at the same time that Twitter recently revealed another development in the non-fungible token (NFT) market

According to data by CoinGabbar, DOGE is now trading at around $0.14 at the time of writing. The most well-known memecoin, supported by Elon Musk, the millionaire CEO of Tesla, has risen by 50% in the last day and by more than 143% in the last week, reaching a 10-week high. Keep in mind that on October 18, Dogecoin's hash rate surpassed its previous high by seven months, reaching 815 TerraHashes per second (TH/S).

NFT Tweet Tiles for Twitter

Elon Musk, the billionaire CEO of the American EV manufacturer, recently paid $44 billion to acquire Twitter. The past week has seen an increase in cryptocurrency announcements on Twitter as the agreement gets closer. On Thursday, Twitter revealed that "NFT Tweet Tiles" were now being tested.

A brand-new feature dubbed "NFT Tweet Tiles," which shows non-fungible tokens (NFTs) and the marketplaces that list the specific NFT shared, will be introduced, according to the microblogging website. According to Twitter developers, this innovative new NFT concept will soon be live and "affect the Tweet experience."

This news comes just four days after renowned tech influencer Jane Manchun Wong disclosed that Twitter is developing a prototype wallet that handles cryptocurrency deposits and withdrawals.

The company's new NFT Tweet Tiles appear to expand upon Twitter's hexagonal logo and NFT verification technique. Over the last year, NFT sales have dropped significantly; according to 30-day statistics, they are down 22.01% from the preceding month. NFT settlements totaling $423.91 million were made in the previous month, while this month the historical sales total surpassed $40 billion.

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