TheVigilante
Banned - Multiple Rules Violations
- Aug 31, 2010
- 14,993
- 16,105
Fifteen years after tweeting it, Jack Dorsey https://www.theverge.com/2021/3/22/22344937/jack-dorsey-nft-sold-first-tweet-ethereum-cryptocurrency-twitter the first ever tweet as an NFT (non-fungible token) for just over $2.9M.
We honestly have more questions than answers…
Let’s try to explain how this works: There’s a service called Valuable where you can “mint” the tweet on the blockchain and create a one-to-one version of it.
And this is where the questions come already:
Doesn’t the original tweet still belong to Jack or Twitter because it is “minted” in Twitter’s database at a certain date, 15 years ago? Yes, it does and you only buy a “digital certificate”.
Can the new owner actually tweet it or is it just like a painting that they can show off? Nope, you can just literally show it off as a painting or sell it to someone else.
What will be the next crazy tweet sold as NFT? Probably Elon Musk’s https://v.cent.co/tweet/1371549960030842893.
Well, there you go... If you thought the NFT hype was over after that Beeple creation sold for over $69M, you were wrong.
We honestly have more questions than answers…
Let’s try to explain how this works: There’s a service called Valuable where you can “mint” the tweet on the blockchain and create a one-to-one version of it.
And this is where the questions come already:
Doesn’t the original tweet still belong to Jack or Twitter because it is “minted” in Twitter’s database at a certain date, 15 years ago? Yes, it does and you only buy a “digital certificate”.
Can the new owner actually tweet it or is it just like a painting that they can show off? Nope, you can just literally show it off as a painting or sell it to someone else.
What will be the next crazy tweet sold as NFT? Probably Elon Musk’s https://v.cent.co/tweet/1371549960030842893.
Well, there you go... If you thought the NFT hype was over after that Beeple creation sold for over $69M, you were wrong.