Twitter CEO Jack Dorsey made his first tweet on Twitter on March 21, 2006, the date Twitter was founded, on NFT (Non-Fungible Token) and put it up for sale. Dorsey said the tweet in question is an NFT Marketplace for digital content. Valuables per penny put it up for auction. The latest bid in the auction at the moment is $ 294,444. @Lomashukbelonging to.
– jack (@jack) March 6, 2021
For those of you who don’t know, let’s note that NFT is a special type of crypto token and cannot be copied. Content converted to NFT retains its originality and is positioned as a work of art or historical artifact for collectors. Considering that with each passing year we become more digital in terms of communication and information transfer, we can say that collectors will position tweets as historical artifacts for centuries to come. You can find everything you need to know about NFT in the article we published this week.
Elon Musk tweets for sale to Kamala Harris
Acting on this idea Valuables per pennyIt hosts many tweets from Elon Musk to Lindsay Lohan and even to the Vice President of the United States, Kamala Harris. All of these tweets have been converted to NFT. The tweet itself continues to run on Twitter.
What users offer and ultimately buy is a digital tweet certificate that is unique in the sense that it is signed and verified by the creator.
This signed digital certificate is issued only once in Valuables. It is signed using cryptography and contains the metadata of the original tweet. This metadata; The text content of the tweet, the timestamp of the tweet, and the digital signature in the creator’s crypto wallet address, which he had at the time of submission.
At this point, it should be noted that not all tweets on Valuables BY Cent are offered for sale by their owner. If a tweet that belongs to you has been added to Valuables BY Cent, you can log into the platform and accept the offers you have received. In this regard, it is possible that Jack Dorsey only owns the tweet that became NFT.
How is income generated through valuables?
95 percent of the proceeds from the sale of the tweet goes to the original tweet creator and 5 percent goes to Valuables by Cent. If the person receiving the tweet wants to resell; 87.5% for himself, 10% for the original tweeter, and 2.5% Cent ‘going e.
It’s worth adding that Cent is the first NFT-centric social network. The valuables, as the name suggests, were produced by Cent. Just as you put your tweets up for sale on Valuables, you can also offer music, blogs, photos, and crypto art for auction on Cent.
While it’s easier to earn royalty income with blockchain technology, we can start to see a lot of people, especially well-known and influential people, selling their content through Valuables.
Could Twitter’s Marketplace Vision Be Based on NFT?
Twitter, which has added new features to the platform after successive purchases in recent months, may have turned its attention to a new collaboration with Cent. Twitter, which has recently developed new models for content producers like Super Follows to generate revenue, may be preparing to establish a new Marketplace.
If you recall, Twitter CEO Jack Dorsey announced in his meeting with investors that he will allow users to choose their own recommendation algorithm on social media. Dorsey shared his vision for decentralized social media during his meeting with investors. Jack Dorsey, who is also among the founders of payment systems company Square, may come to the fore with a new NFT Marketplace in the coming days.