No, it’s not April Idiot’s Day. However Twitter’s complete account has been taken over by NFTs. As its new header reads: “I’ve stopped moisturizing as a result of tweeting about NFTs is protecting me younger now.”
If that’s true, the Twitter chicken goes to appear like a bit child duckling by the top of the day. This morning, Twitter posted, “140 free NFTs for 140 of you, besties,” nodding to Twitter’s preliminary 140 character restrict.
Looking back, we should always’ve anticipated this after Twitter co-founder and CEO Jack Dorsey bought his first tweet as an NFT earlier this 12 months by a web site known as Valuables by Cent, which is unaffiliated with Twitter, but offers individuals the choice to mint and promote NFTs of tweets. Even Mark Cuban, who has been investing in the NFT space, sold a tweet on Valuables for 0.56 ETH, or $953 on the time. Dorsey’s NFT bought for 1630 ETH, which was price about $2.9 million on the time of sale. He donated the proceeds to GiveDirectly to assist the COVID-19 response in Africa, however NFTs are nonetheless usually criticized for his or her unfavorable environmental impact — others fear that the NFT market may simply be a flash within the pan. However with main platforms like Twitter making NFTs, the fad may not be over simply but — or, Twitter could possibly be testing the waters to gauge how its userbase reacts to an impromptu, free NFT drop earlier than increasing its choices within the house.
The catch with right now’s Twitter NFT drop is that no person should purchase them — Twitter customers can reply to the tweet for the prospect to get one among 7 NFTs, which have been minted on Rarible, an NFT market, in editions of 20, which makes 140 NFTs whole.
In keeping with Twitter, there have been over 29 million tweets on the platform about NFTs. What’s subsequent for NFTs on Twitter? We’re unsure. However with Twitter’s fast growth of latest options like Areas, Tremendous Follows, Twitter Blue, and extra, it’s potential that this received’t be the final we hear about Twitter’s foray into crypto-powered collectibles.