i actually think checkmarks was twitter's great strength. it made them look like a medium with ideology and editorialization, which attracted a lot of ideologically committed people. Twitter used the checkmark to gatekeep twitterers and as a weapon. they ridiculously "unverified" people (as if those people lost their identity or sth). It was all about signaling. Now it's just something you can buy
They still are a strength, if you search for a public person by name the blue checkmark still works very well. But if it's commodity where scammers can buy them then the strength is gone.