X this week dropped support for NFT profile photos after the feature first launched in January 2022.
Under the leadership of crypto-friendly CEO Elon Musk, the profile photos became a paid feature, although Musk has apparently soured on the concept.
Users of the feature opened the app on Wednesday to find that their previously hexagonal profile photos were round again.
Read more: X reportedly no longer supports NFT profile photos
Neither Musk nor X have publicly commented on the reasoning behind the change.
Ironically, Musk – who became a public voice in the crypto world during the last bull run – inherited the NFT project and saw it killed under his tenure. For crypto-interested X users, the hopeful Musk-led crypto integrations have largely failed to materialize.
Read more: Twitter’s ‘X’ rebrand is once again sparking hype around potential crypto integration
PFP NFTs, or digital art projects intended to be used as profile pictures on social media, became a popular use case for collections like Bored Apes and CryptoPunks during the 2021 ascension of NFTs.
Social media companies jumped on the trend, but with the general decline in interest in NFTs, the tech giants followed suit. The end of X’s NFT road follows a similar decision by Meta last year. Elsewhere, Amazon’s reported NFT platform has been slow to develop.
Bitcoin is almost going to the moon
A group including derivatives exchange BitMEX attempted to send a private key containing one bitcoin on a NASA-led trip to the moon this week, Macauley Peterson reported.
Unfortunately, Bitcoin may never get there.
The rocket reached space, but an Astrobotic-built lander experienced a fuel leak, making landing the payload on the moon unlikely.
Astrobotic said Friday it had stopped the leak faster than first predicted, and “there is growing optimism about that [the spacecraft] could survive much longer than current estimates.”
Read more: A bitcoin headed to the moon could be lost in space
For what it’s worth, Bitcoin may not be figuratively moon-bound either, at least in the short term. The currency had a sluggish second day of trading in the ETF spot market, falling 11% from Thursday’s high.
One interesting statistic:
- Despite all the excitement over the adoption of spot Bitcoin ETFs, sales volume of Bitcoin digital art inscriptions fell by more than 20% this week, according to CryptoSlam.
Also important:
- A Taproot Wizards-led Ordinal inscription collection is being auctioned at Sotheby’s to rally support around a proposed upgrade to Bitcoin.
