X is launching a Handles Marketplace where users can bid on inactive usernames, selling for $2,500 to over $1 million. Premium subscribers get priority requests, tapping into the growing Web3 asset market. X has 557 million active users, making handles status symbols and potential investments.

Blockchain-based naming systems like Ethereum Name Service and Unstoppable Domains are gaining popularity for online identities. X’s Handle Marketplace, while not decentralized, capitalizes on digital identity trends. X serves as a bridge between traditional social media and emerging Web3 identity concepts.

X is a hub for activist investors, including those advocating for Polygon’s tokenomics overhaul. The platform fosters community engagement and feedback for proposals. OpenAI is reportedly developing a social network similar to X, showcasing the platform’s influence and appeal.

Read more at Cointelegraph: X Launches Marketplace for Inactive Usernames