Twitter Unveiling its Own NFTs – Killing Competition?

While the hype around non-fungible tokens (NFTs) may have cooled down a bit, there is no shortage of controversy surrounding the space. The latest incident includes none other than the social media outlet Twitter.

Despite Twitter CEO, Jack Dorsey warmly embracing the NFT movement after auctioning off his very first tweet in NFT form, the platform’s recent decision to suspend blockchain-based gaming operator Splinterlands has embroiled debate around the social media platform’s censorship.

Splinterlands provides gamers the opportunity to collect, trade, and battle with scarce NFT collectibles. The company was among the first to embrace the unique characteristics of non-fungible tokens as part of its platform experience. The company’s Twitter account was suspended from the platform on June 23rd for no discernible reason. No warning or explanation was given.

Speculators have pointed out that Splinterlands may have been suspended for violating certain Twitter policies about selling “illegal or certain regulated goods or services.” Twitter’s policy states, “You may not use our service for any unlawful purpose or in furtherance of illegal activities. This includes selling, buying, or facilitating transactions in illegal goods or services, as well as certain types of regulated goods or services.”

However, Splinterlands does not sell any financial products, but is a gaming platform, and does not run secondary markets for its collectibles, which are overseen by the community, the violation is unclear. Given no prior warning from the platform about any violations, it makes it very challenging to ascertain whether they were the cause, especially given the multitude of other accounts engaged in similar practices.

Read the full article at Fintechs.fi