Main navigation

Elon Musk Goes Hard on Twitter, Calls Out Crypto Scammers in Every Thread

Fri, 01/21/2022 - 10:44
article image
Arman Shirinyan
Elon Musk is not keeping up with Twitter's NFT push, while scammers exist in the space
Elon Musk Goes Hard on Twitter, Calls Out Crypto Scammers in Every Thread
Cover image via
Read U.TODAY on
Google News

Elon Musk has taken a swing at Twitter developers and managers for "spending" their engineering resources on useless functions instead of focusing on protecting their users from crypto scammers and bots that can appear in almost any thread.

Musk swings at Twitter developers

Recently, Twitter has introduced its function for confirming NFT profile pictures by highlighting them in a special hexagonal shape that will act as proof of ownership for the profile owner.

In the second part of his tweet, Musk mentioned the problems that have existed in the cryptocurrency industry for the last five years. The first reports about crypto scammers on Twitter appeared after the ICO craze back in 2017.

The majority of Musk's subscribers have supported the Tesla CEO since the problem has become even worse with the further development of the NFT industry. It has continuously attracted scammers who are trying to attract users by giving away "free" tokens.

NFTs are on the rise

The support expressed by the global crypto community toward the man of the year was due to a negative image of the NFT industry in the community. The community has begun to separate itself from NFT technology that went mainstream with the help of Hollywood-tier actors, influencers and athletes promoting various collections by putting using individual pieces as their profile pictures.

Bitcoin Bottom Might Be Near, RSI Says: Bloomberg

Previously, Meta—the owner of social media platforms like Facebook and Instagram—has also announced the release of a technology that will allow users to create their own NFTs and show their own non-fungible profile pictures with further proof of ownership.

But while companies and Hollywood stars are diving deep into the NFT and Metaverse trends, some actors are not so enthusiastic about the technology. The Matrix and John Wick star Keanu Reeves laughs when asked about the rapidly emerging technology.

article image
About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.