Why are Twitter and Facebook embracing NFTs? | Curio
News and insights read out for you.
10,000+ audio articles. 50+ world-leading publications.

All in 1 subscription.

The Washington Post logo

Why are Twitter and Facebook embracing NFTs?

10 mins | Feb 4, 2022
story image

Because we love status symbols. Encouraging crypto fans to display their NFTs fits in perfectly into popular theories that see social media as "status as a service." Will Oremus investigates why unique avatars for crypto investors are the latest way for social networks to exploit users' need for validation and why giants of the platforms see crypto as a trend to capitalise on rather than a threat.

If you want all the articles from The Washington Post click here to subscribe.

Get unlimited access free for 7 days, then $8.33/month (billed annually)
Get started