Musk declares Twitter NFTs 'annoying'

Elon Musk find's Twitter's foray into NFTs 'annoying'. The SpaceX and Tesla CEO thinks Twitter is wasting engineering resources on this effort instead of trying to curb spam activity on the platform.

Twitter recently introduced NFT features for its users, allowing Twitter Blue subscribers on iOS to use NFTs as their profile pictures. The feature connects users' Twitter accounts to crypto wallets where they store NFT holdings.

Twitter displays the NFT profile pictures as hexagons, differentiating them from the standard circles available to other users. Tapping on the pictures prompts details about the art and its ownership to appear.

Proponents of "Web3" technologies like NFTs say they decentralize ownership online, creating a path for users to earn money from popular creations, rather than having those benefits accrue primarily to a handful of tech platforms.

Critics dismiss the decentralization claims, noting that many of the services powering adoption of those technologies - like the six crypto wallets supported by Twitter's NFT product - are backed by a small group of venture capitalists