User X needs to pay to use NFT as profile picture

Author: Jack Kubinec, Blockworks; Compiled by: Songxue, Golden Finance

X this week stopped supporting NFT profile pictures after first launching the feature in January 2022.

Under crypto-friendly CEO Elon Musk, profile pictures become a paid feature, although Musk seems to be concerned about this Concept of dissatisfaction.

Users using the feature opened the app on Wednesday to find that their previous hexagonal profile pictures had become round again.

Neither Musk nor X have commented publicly on the reasons behind the change.

Ironically, Musk, who became the public face of the crypto world during the last bull market, inherited the NFT project only to see it killed on his watch. For X users interested in cryptocurrencies, the hopeful Musk-led cryptocurrency integration has largely failed to materialize.

PFP NFTs, or digital art items designed to be used as social media profile pictures, became a popular use case for collectibles like Bored Apes and CryptoPunks during the rise of NFTs in 2021.

Social media companies are following the trend, although as interest in NFTs generally declines, tech giants are following suit. Meta made a similar decision last year, ending X’s NFT path. Elsewhere, Amazon’s NFT platform has reportedly been slow to develop.

Bitcoin almost went to the moon

Including derivatives trading, according to Macauley Peterson  One group, including BitMEX, is trying to send a private key containing one Bitcoin on a NASA-led trip to the moon this week.

Unfortunately, Bitcoin may never get there.

The rocket reaches space, but a fuel leak in the lander built by Astrobotic makes landing the payload on the moon unlikely.

Astrobotic said on Friday it was able to stem the leak faster than initially expected and that "there is growing optimism that [the spacecraft] will survive much longer than currently estimated" .

In terms of its value, Bitcoin may not figuratively go to the moon either, at least in the short term. The currency's spot ETF had a weak second day of trading, down 11% from Thursday's high.

An interesting statistic:

Despite the excitement of spot Bitcoin ETF approval, sales of Bitcoin digital art inscriptions fell by 20% this week, according to CryptoSlam % above.

Also worth noting:

The Ordinals collection, led by Taproot Wizards, is being auctioned at Sotheby's to drum up support for the Bitcoin upgrade proposal.