Twitter allows users to capture precious moments and make them digital collectibles, but what do you get when you buy an NFD of a tweet? By purchasing a tweet, you are creating a relationship with the creator, who is identified by their @handle on the site. You will receive a certificate of ownership signed by the creator of the tweet. It is like an autographed baseball card, except you purchase the tweet from a person who created it.
Valuables
If you want to make a tweet more valuable, you can buy it with an NFT, or network-based token, by using Valuables. This platform works by connecting users with Ethereum wallets. To use Valuables, all you need is an account on Twitter, a Metamask wallet, and a link to your tweet. This link will appear as a draft tweet, and you can copy and share it on Twitter. The Valuables platform will then direct you to a page where bidders will bid on the tweet you posted. Once you receive a high bid, you can accept the offer, and the money will appear in your MetaMask wallet.
The NFT contains the text of the tweet and links to an image on the Internet. The Valuable NFT contains the text of the tweet and the URL where you can see a screenshot of the tweet. It also has the date and digital autograph of the creator’s digital wallet address. This means you can buy and sell NFTs and make a profit! If you’ve been thinking about buying an NFT of a tweet, don’t hesitate.
CryptoKitties
What do you get when you buy an NCT of a tweet? This question has been plaguing the crypto community for some time now. The NFT is the image of a verified tweet similar to works by Vincent van Gogh and Pablo Picasso. These paintings have reached record prices. Van Gogh’s L’Allee des Alyscamps sold for $72.4 million at Sotheby’s in 2018, and Picasso’s Femme au beret and robe quadrille sold for nearly $68 million in 2018.
The metadata for an NFT resides on the Matic blockchain. Each NFT includes information about the time the tweet was tweeted, the text of the tweet, a URL to a screenshot of the tweet, the date it was sold, and the digital autograph of its creator’s digital wallet address. It’s a way to make a tweet as valuable as an autographed baseball card.
A Twitter NFT is worth $48 million. The first tweet by Jack Dorsey was bought for $16,000 by Sina Estavi a year ago. The picture of the tweet has gone on to sell for more than half a million dollars on an NFT marketplace called OpenSea. The price may go up as the tweet has become more valuable.
Nifty Gateway
What do you get when you buy an NTF of a tweet? Tweets are valuable digital assets often retweeted by the person who created them. They can become digital collectibles by converting them into NFT. When you purchase an NFT of a tweet, you’re establishing a relationship with the seller, who owns the digital file. Each tweet is represented by a unique digital certificate signed by the creator’s @handle on Twitter. Just like an autograph on a baseball card, tweet ownership creates a direct connection between you and the creator of that tweet.
An NFT is a tiny bit of code that points to a specific piece of text on the Internet. A Valuable NFT has metadata containing the tweet’s timestamp, text content within the tweet, the URL to the screenshot, the date it was sold, and a digital autograph from the creator’s digital wallet address. This means you’ll be able to purchase an NFT of a tweet for a fraction of the cost of buying the original tweet.
The auction for an NFT of a tweet is now underway. Estavi announced his intention to sell the tweet last Wednesday and promised to donate 50% of the proceeds to charity. Initially, the highest bid was $9,968, but as the sale date neared, the value of the tweet fell to $2,905,867. The tweet’s owner, Estavi, the chief executive of blockchain company Bridge Oracle, says he may never sell the NFT if it does not garner a high enough bid.
Estiva’s Tweet
If you’re considering investing in cryptocurrencies, consider checking out CoinDesk Consensus 2022, an all-in-one crypto & blockchain festival, June 9-12 in Austin, TX. Among the hottest topics is Sina Estavi’s tweet when buying an NFT. Not only is Estavi famous for being the first person to buy Jack Dorsey’s first tweet, but he’s also had two failed cryptocurrency ventures and spent nine months in prison. But he’s asking the same investors to trust him again.
Last Wednesday, Estavi announced the sale of his NFT on Twitter, saying he’d be donating 50 percent of the proceeds to charity. But investor interest was minimal. Coindesk reported only seven bids at the time of publication, with the highest bid of $280. The bidders have since increased, but the highest offer remains below Estavi’s purchase price of $6200. This might mean Estavi won’t sell the NFT at all.
Despite the controversy surrounding Estavi, he’s remained unbanned in Iran, despite being arrested over “disrupting the Iranian economic system.” The arrest followed the collapse of Iran’s biggest cryptocurrency exchange, Cryptoland, and two other projects, Bridge Oracle BRG and NFT. Since then, investors have abandoned his crypto projects, and his Bridge Oracle token has fallen in value. His latest campaign to compensate investors may be a way to restore his reputation, but he’s been accused of a double standard.
Digital Certificates Of Authenticity
A digital certificate of authenticity is a document that identifies a work of art. These certificates record essential information about the work, including its creator, title, materials used, dimensions, and year of production. They can also state how many editions were produced and other relevant details. For artists, digital certificates are beneficial because they ensure their work is legitimate. However, these documents do not replace the traditional paper version of the Certificate of Authenticity.
Although paper-based certificates have been used for centuries to verify the artwork’s authenticity, they are susceptible to theft, tampering, and counterfeiting. These issues led some contemporary artists’ foundations to stop issuing certificates of authenticity. Fortunately, the rise of digital certificates has created an industry for such documents. Authentication documents can help art lovers, and collectors protect themselves from fraud. The best way to identify fraudulent certificates is to check their creators’ websites.
While NFTs help to prevent obvious forgeries, they are not enough to protect artwork from piracy. Modern art forgery has become so sophisticated that comparing visual images is not enough. A digital certificate of authenticity should also contain a thumbnail of the artwork and a cryptographic digest of the file, which is verifiably unique. The digital certificate can also serve as an additional means of authentication for online art purchases.
Blockchain Technology
The NFT value plunged sharply on Thursday after Elon Musk announced his bid for Twitter. The NFT is a cryptographic token for digital media that can be traded on a decentralized network of computers. Despite this, the price of the NFT remains relatively stable compared to Bitcoin and the value of its predecessor, the ether. The NFTs have many benefits, including scalability, security, and the potential to create a global financial system.
The value of NFTs is dependent on their value, and the price determines the value. For example, an NFT is worth $2.9 million, or 1630 ETH. A tweet is worth more than a pixel, but it is worth more than this since a unique NFT can be valued at as much as $100. Some people buy them intending to resell them at a profit, while others buy them for sentimental reasons.
The NFT is a digital asset, similar to Bitcoin, containing metadata about its creator. This metadata includes the timestamp at which the tweet was tweeted, the tweet’s text, the link to a screenshot of the tweet, and a digital autograph from the creator’s digital wallet address. In addition, the NFT includes the digital autograph of the tweet creator. While this is a gray area, buying an NFT of a tweet is possible for an incredible price.
Read More: Make And Sell an NFT in 5 Easy Steps
Energy Requirements
The first NFT of Tweet by Jack Dorsey was sold for $2.9 million by a Twitter user named Sina Estavi. The tweet was listed on the popular NFT marketplace OpenSea, with a top bid of $6,800. The tweets footprint is equivalent to the total electricity consumption of an average EU resident for a month. An NFT’s footprint is calculated without the carbon emissions from the actual production or storage, website, and computers used to mine the currency.
An NFT is a digital file attached to a specific digital asset or token. Each NFT is unique, solving the issue of multiple copies of a particular asset. This way, the first tweet by Jack Dorsey cannot be copied. The NFT is stored on a distributed, immutable database known as the blockchain. The creators retain copyright, but the sole owner gets bragging rights.
While the carbon footprint of NFTs is unknown, it is essential to note that many of today’s technologies require large amounts of electricity, including a centralized cloud-based database. Blockchains significantly impact the environment, and their energy requirements can dwarf the electricity consumption of a typical U.S. household. Moreover, the underlying infrastructure that powers NFTs is out of the general public’s view.
