Twitter’s new verification tool does not confirm the authenticity of NFTs

Twitter’s new verification tool does not confirm the authenticity of NFTs

There is a drawback in choosing Twitter to support verified NFTs for profile pictures: it is impossible to tell if the NFT is an original or a rip-off. In fact, the tool verifies who owns the NFT, it cannot state whether the image in the NFT is an original or an unauthorized copy.
Opportunists who wish to use a pirated NFT image as their profile picture can upload an identical-looking image of an NFT to third-party markets such as OpenSea, coin it as an NFT, and have it approved and verified by the social media giant for use as profile picture.

“If you can verify any NFT, does that not defeat the entire purpose of the verification?” said Brett Richey, founder of sports betting startup Web3 BlitzPick ,. “I thought Twitter would only [launch] verified collections, but I can just mint a copy of [a] monkey [NFT] and verify it, right? [This] seems useless ”.
The company said users can link their Aether-based wallets to their Twitter accounts and view their digital collectibles as profile pictures.

Profiles with hexagon-shaped images have had their NFTs verified with the social media giant, thus reporting ownership on the blockchain. Users must pay $ 2.99 each month through the company’s Twitter Blue subscription service and use an IOS device to use the new feature.
A Twitter spokesperson told Blockworks that users can click on a profile picture to see if the person’s NFT has been verified with OpenSea. All aether-based NFTs that have a transaction recorded on the blockchain will be displayed on Twitter profiles.
“We want to make it possible for anyone to use NFT and we don’t want to block NFT collections that may not be verified by certain markets,” the spokesperson said. “We felt it was important to offer customers an easier way to see NFT details directly from someone’s profile picture and easily explore the contract address; by clicking on an NFT profile picture, people will be able to see if a collection has been verified by OpenSea or another [third party] market. ”