A one-of-a-kind trading card, however, is non-fungible. I want to maximize my blockchain use. deadmau5 has sold digital animated stickers. twitter ceo jack dorsey has created an nft for the first tweet. Plus, of course, there are bragging rights that you own the art, with a blockchain entry to back it up. That image that Beeple was auctioning off at Christie’s ended up selling for $69 million, which, by the way, is $15 million more than Monet’s painting Nymphéas sold for in 2014. Update March 5th, 8:07 PM ET: Added the news that Jack Dorsey was selling one of his tweets as an NFT because I originally made a joke and cannot believe it actually happened. Tattooed entrepreneur Jack Dorsey has been CEO of both social media firm Twitter and small business payments company Square since 2015. Gross. Benjamin Pimentel / Protocol: With Tidal, Square may give artists more control over the revenue streams they create, offer advances, royalty processing, and more traditional label services — It was a big week for Jack Dorsey, who started by turning heads in Wall Street, and then went Hollywood with an unexpected music-streaming deal. Press J to jump to the feed. Buying an NFT also usually gets you some basic usage rights, like being able to post the image online or set it as your profile picture. 2021-03-10 08:03:03 ... Twitter co-founder and CEO Jack Dorsey now plans to convert the proceeds from the NFT auction of his first tweet. Worldwide Asset eXchange? And by the time we all thought we sort of knew what the deal was, the founder of Twitter put an autographed tweet up for sale as an NFT. Samsung will host another Unpacked event on March 17th. (Some already have.). Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin. Jack Dorsey Dorsey is attempting to sell his first tweet as an NFT (theverge.com) 16 points by pmlnr 26 minutes ago | hide | past | favorite | 7 comments: A4ET8a8uTh0 3 minutes ago. The auction will end on March 21st, and he plans to donate the bitcoin to Give Directly, a nonprofit that lets donors send money directly to people living in poverty. Part of the allure of blockchain is that it stores a record of each time a transaction takes place, making it harder to steal and flip than, say, a painting hanging in a museum. I’m sure some people really hope so — like whoever paid almost $390,000 for a 50-second video by Grimes or the person who paid $6.6 million for a video by Beeple. It is also possible to tie NFT in smart contracts, so that the owner is able to call special functions or change the state in the contract. I find the idea of NFT interesting. Here is the straight news headline: Square, the financial services company run by Twitter co-founder and CEO Jack Dorsey, is buying Tidal, the streaming music service founded by … But yeah, that’s where it gets a bit awkward. His tweet, “just setting up my twttr” has a bid of $2.5 million. The latest Gabs from 1776 For All of the Occidental (@davidfisco). The highest bid for the tweet is currently $2.5 million. Some people treat them like they’re the future of fine art collecting (read: as a playground for the mega-rich), and some people treat them like Pokémon cards (where they’re accessible to normal people but also a playground for the mega-rich). uncrate.com - On March 21, 2006, Jack Dorsey sent out the first tweet, "just setting up my twttr." Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. There are several marketplaces that have popped up around NFTs, which allow people to buy and sell. It is worth noting that other blockchains can implement their own versions of NFTs. There have been some attempts at connecting NFTs to real-world objects, often as a sort of verification method. Dorsey put up his famous first tweet as an NFT (which stands for “non-fungible token”) on Friday evening, and bids quickly poured in, even though Dorsey hadn’t announced when the auction would end or that proceeds would be going to charity. By choosing I Accept, you consent to our use of cookies and other tracking technologies. Also, you didn’t let me finish earlier. Twitter CEO Jack Dorsey imagines a future where you get to choose what you see on social media by picking out your favorite recommendation algorithm, rather than relying on a single controlling company to get it exactly right. It’s totally a thing someone could do if they were, in his words, “an opportunist crooked jerk.” I’m not saying that Logan Paul is that, just that you should be careful who you buy from. What’s worth picking up at the NFT supermarket? For example, if an ad spot on a website is controlled by a NFT, the NFT owner would be able to change the ad. Vote. More From The Verge After Jack Dorsey promoted an auction on the site Valuables for an NFT of his very first tweet, the bids for “just setting up my twttr” reach $2.5M — Apparently you can actually sell your tweets as NFT — Jack Dorsey, the billionaire co-founder and CEO of Twitter … Square is paying $297 million in cash and stock for a “significant majority ownership stake” … You mean, like, people buying my good tweets? Can I buy NFTs with cryptocurrencies? Twitter co-founder and CEO Jack Dorsey now plans to convert the proceeds from the NFT auction of his first tweet to bitcoin and donate them to charity. Speaking of Pokémon cards, Logan Paul just sold some NFTs relating to a million-dollar box of the—. No, but technically anything digital could be sold as an NFT. How to create and sell your first nft what is an do i make money from selling my art as a nft? You’re probably familiar with the famous tweet, “just setting up my twttr”: Despite the fact … Check out the Finding Your Identity Podcast! NFTs really became technically possible when the Ethereum blockchain added support for them as part of a new standard. The auction is being held on the NFT platform Foundation, and bidding is currently at around $8,000, with more than five hours remaining at the time this article was published. 2021-03-06; That does not make lot of sense to me, except neither does NBA Top Shot and money continues to pour into that sports-related NFT service. An NFT can either be one-of-a-kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file. On a call with investors today, Dorsey expanded on his vision of how a decentralized social network […] www.theverge.com 2 hours. Jack Dorsey's Square is buying a majority stake in Jay-Z's music-streaming platform Tidal for nearly $300 million - This is hitting the headlines in a big way, lots of rumours about a possible play in the NFT space businessinsider.com # The auction will end on March 21st, and he plans to donate the bitcoin to Give Directly, a … Photo by Amelia Holowaty Krales / The Verge Square, Inc, the financial services company founded by Twitter CEO Jack Dorsey, is acquiring a majority stake in Tidal, the high-fidelity audio and video streaming service led by Jay Z. Subscribe to get the best Verge-approved tech deals of the week. To put it in terms of physical art collecting: anyone can buy a Monet print. Jack Dorsey has listed his original tweet, “just setting up my twttr”, as an NFT on auction site Valuables (Jay Peters/The Verge) In by March 6, 2021 [#full_content_wordai] Wait! There are people working on mitigations for this issue, but so far they haven’t been implemented yet. --- Occidental Chauvinist Pig --- How do we know for certain Rosencrantz and Guildenstern are dead? twitter co-founder jack dorsey is auctioning his first ever tweet with bids already reaching USD $2.5 million. After literal hours of reading, I think I know. A show for business students, by business students. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. The highest bid for the tweet is currently $2.5 million. Not just any tweet: It’s the first tweet ever published, written by Twitter founder Jack Dorsey himself in 2006, and now Dorsey’s auctioning it off as an NFT.. NFTs are digital collectibles coded on the Ethereum blockchain.Thanks to advanced cryptography, an NFT proves its own digital scarcity through virtually unalterable coding.

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