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Facebook, Twitter Explore NFTs as Robinhood Finally Launches Crypto Wallet (Kind of)

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Facebook  (MVRS) - Get Meta Report and Twitter  (TWTR) - Get Twitter, Inc. Report brought NFTs closer to the mainstream as Robinhood launched the beta version of its crypto wallet. Watch Ross Mac of Maconomics broke down the latest cryptocurrency news on TheStreet’s ‘Crypto Minute’ on Friday, January 21.

Transcript: 

We predicted it...and sure enough, it’s coming true...Facebook is reportedly looking to make and sell NFTs. The Financial Times reported that the plans are at an early stage so they could change, but teams at Facebook and Instagram are preparing a feature that would let users display NFTs as profile pictures while also letting users mint and sell NFTs in a new marketplace...so who knows...That embarrassing picture you put up for Throwback Thursday just might be worth something.

Twitter Blue users can now use their NFTs as their profile pictures. Tesla CEO Elon Musk thinks that the rollout is "annoying." He tweeted out that it was BS that Twitter was spending resources on this rather than focusing on crypto scammers and their bots. We all know how powerful Elon's Tweets can be, but I doubt Twitter changes up their strategy to appease Elon on this one.

After months of promising this was coming, Robinhood has just launched the beta version of its crypto wallet, which will allow users to send and receive their Bitcoin, Ether x Dogecoin from Robinhood to external crypto wallets. Only 1,000 people on the waitlist were able to access the version, however, by March, it hopes to scale up to 10,000....Now if you remember, Crypto.com just got hacked for over 30 million so individual wallets have benefits as well as risks.

I’m Ross Mac and that was the Crypto Minute on TheStreet. 

TheStreet's Crypto Minute is brought to you by Blockchain.com.

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